"Myanmar?s state-owned economic enterprises (SEEs) regularly generate approximately 50 percent of the Union?s fiscal revenues and spend as much in the domestic economy. They operate in many sectors, from transport to textiles and banking to natural resources. Through their regulatory roles, they exert a considerable influence on Myanmar?s economic composition and trajectory. Yet, traditionally, many SEE mandates and objectives have remained unclear and most have operated inefficiently by international standards. Consequently, since the early 1990s, the government?s stated aim has been to professionalize, corporatize or privatize SEEs, often by granting them greater independence. These efforts have shown mixed results. On the one hand, many unprofitable SEEs have been privatized since the socialist era, easing their financial burden on the Union budget. More recently, the Hluttaw has taken steps to curb capital spending by chronic loss-making SEEs..."