Government pensions distort social spending (Mizzima (Burma))

The World Bank’s October 2015 Myanmar Economic Monitor is out and boasts the growth of social spending overdefence, but between the lines the positive news is somewhat misconstrued. In a functional breakdown for % of GDP spending, social services reach an estimated 3.9% of GDP in the 15/16-budget estimate while defence dips to 3.77% of spending.…