TO ensure the development of a country, it is necessary to have a strong economy. In order to build a strong economy, the govern­ment has a responsibility to take action. Since the country’s GDP is currently lower than that of neighbouring countries, we must strive to make even greater efforts moving forward.

Myanmar has been making continuous efforts to enhance the productivity of its agricultural sector. Despite efforts to boost the production of oil crops, yields remain low, resulting in the contin­ued annual import of edible oils from abroad. Due to the shortfall in achieving crop production targets, it has been estimated that the country’s income has de­creased by over US$8 billion. If the agricultural sector were able to operate at full capacity, it is estimated that national income could increase by ap­proximately $14 billion.

In Myanmar, the need for fuel remains high. Each year, the country imports fuel worth approximately $5 billion. Al­though the government has permitted the import of elec­tric vehicles (EVs) to reduce fuel consumption, restrictions remain due to the continued need for foreign currency. Despite a trade surplus, the demand for foreign currency and the rise in exchange rates persist due to a decline in oth­er forms of consumption.

There are restrictions on the importation of fuel, edible oil, and electric vehicles (EVs) from abroad. Due to various forms of illegal trade and the use of unlicensed motor ve­hicles and motorcycles, fuel consumption has increased significantly. This has not only resulted in major tax revenue losses for the state but could also lead to numerous secu­rity challenges. Therefore, it is necessary to take action against those involved with illegal vehicles.

The government has the duty to create an environment where work can be done and to provide encouragement, but the respon­sibility for implementation lies with the relevant organizations and the authorities specific to each region or sector. The government is providing loans and fulfilling necessary requirements for the agriculture sector, but the projects in the respective regions and states have not yet achieved the desired level of success.

If production can be increased, then not only will inflation not rise, but commodity prices will also remain stable. Therefore, everyone must genuinely engage in productive work, and efforts must be made to improve the country’s economy. It is also essen­tial to find solutions to the various factors contributing to rising commodity prices, including the high cost of production and the imbalance between supply and demand.