NLD looks to answer doubts about its economic chops – Nikkei Asian Review

YANGON — One of the tropes the National League for Democracy will have to address before it takes office next April is the view that the party is light on concrete policies and untested in government. The latter is unavoidable, given that the army did not allow the NLD to govern after it won 80% of seats in the country’s flawed 1990 elections. As for economic policy, the party has a few ideas. “We have a plan, and we presented it in the early stages of the campaign,” said Soe Win, a member of the NLD’s central executive committee, referring to the election manifesto the party published in September. The NLD said it will keep the budget deficit under 5% of gross domestic product, cut the number of ministries and attempt to curb corruption in the bureaucracy, crack down on tax evasion, increase the independence of the central bank and focus on boosting agricultural productivity — a particularly important step given that around 70% of the population lives in the countryside.