OriginalSourceThe IrrawaddyMyanmarLeanUnratedCredibilityUnratedPublished12:15 UTCSourceThe IrrawaddyMyanmarLeanUnratedCredibilityUnratedPublished12:15 UTC
“Myanmar Junta Seeks Record Military Budget as Millions Struggle With Poverty”
“The regime is seeking 10.53 trillion kyats for defense in 2026-27, more than three times the pre-coup level, as nearly 18 million people live in poverty.”
Myanmar plans a record military budget of 10.53 trillion kyats for 2026-27.
Key points
- The regime seeks a 10.53 trillion kyats defense budget for 2026-27.
- Total includes 7.95 trillion kyats initial estimate plus 2.58 trillion kyats in supplementary funds.
- Parliament debated the supplementary budget amid ongoing conflict with ethnic and resistance groups.
- Defence spending has nearly doubled since 2023-24, rising from 5.6 trillion kyats.
- UNDP notes about 17.9 million people are multidimensionally poor amid rising costs.
How it got here
The Irrawaddy publishes the article.
concise.news reads it.