Under the national budget for the financial year 2014-2015, government expenditure is projected to be Myanmar Kyat (MMK) 21.9 trillion (USD 22.7 billion), representing 29.2% of GDP – an increase of around MMK 3 trillion (USD 3 billion) from the 2013-2014 budget. 88% of this expenditure will take place at the union level, while 12% will be spent by local governments at the State/Regional level. The new budget saw modest increases in both health and education spending to MMK 653 billion (USD 676 million) and MMK 1.140 trillion (USD 1.18 billion) respectively, though the total budget for the two sectors remains less than the military budget