High prices of goods are based on imbalance between production and consumption due to a lack of innovation and initiatives: Senior General

The government encourages export of products but it should not harm local consumption, said Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing at the meeting 3/2023 of the Union government at the SAC Chairman Office in Nay Pyi Taw yesterday afternoon.
First, the Senior General delivered an address, saying that due to storm Mocha which hit on 14 May, the country faced losses and damage worth some K522 billion. The government and the people have spent a large sum of money on repairing lost
and damaged parts in rehabilitative measures. As such, the Senior General stressed the need to make many preparations to be able to overcome the challenges of natural disasters.
In focusing on the development of the nation, the government emphasized the promotion of the State economy. So, the State economy resurged in the 2021-22 financial year and grabbed the 3.2 per cent increase of the State economy in 2022-23 FY, according to the released records. If the country does not have a developed economy, the country will face many criminal cases.
With regard to export measures, a larger volume of pulses and beans, rice and agricultural produce, marine products and livestock products were exported to foreign markets. If the country can boost production, it will earn increased income. In taking manufacturing measures, it is necessary to meet the local demand as well as manufacture export-quality products.
Prices of commodities rose in 2022 and 2023. Such an event was based on imbalance between production and consumption in addition to production costs. The government can solve the problems of disproportion between production and consumption. To do so, factories and industries must be operated at full capacity.
If export volumes surge in the agriculture sector, the country will have increased incomes to boost the State economy. Hence, it is necessary to boost the per-acre yield of crops in the agriculture sector with a double-cropping process by all means.
High prices of goods are based on unbalance between production and consumption due to a lack of innovation and initiatives. The government prioritizes declining prices for meat and fish. The government encourages the export of products but it should not harm local consumption.
The central committee is authorized to grow other crops on the farmlands but regions and states do not have the authority to allow it. Region and state authorities can allow the cultivation of other crops on the croplands. But, the central committee is authorized to allow changing of other businesses on these lands.
In conclusion, the Senior General stressed the need for relevant ministries to arrange safe and security of schools and teachers. As basic education schools open classes for KG+12 students, arrangements must be made for upgrading the schools with adequate areas and school characteristics. The Senior General pointed out that it is necessary to expand sown acreage of crops which have occupied firm shares of foreign markets to earn incomes of foreign exchange for the State. — MNA/TTA