A statement released at the close of a visit by officials of the International Monetary Fund (IMF) to Myanmar indicates that the outlook for economic growth remains favorable at least in the medium term. There are fiscal risks in the near term as a result of spending pressures such as public sector wage increases. Myanmar will need to prioritize its spending requirements and increase tax revenue to ensure that the deficit remains within the 5% target in 2015/16. The IMF therefore recommends that Myanmar continues its efforts to broaden the tax base, to improve tax compliance and to minimize the number of tax exemptions available.