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Inflation, caused primarily by public sector deficit spending and the eroding value of the local currency (the kyat), has reduced living standards.
According to the prime minister, average monthly income for the last fiscal year was 40,000 kyat ($US40).
"There are many more people who are worse paid and unemployed in Burma and the claim of Thein Sein that Burmese people on average have an income of 40,000 kyat a month is far from the truth," he said.
Each team will be formed for around 200 million kyat (US $204,080), according to a press conference held last week in Rangoon.
Betting on soccer is a multimillion kyat business.
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