Dr M directs MoF to review Budget, check behind the sofa

16-May-2018 Intellasia | Malay Mail | 6:00 AM Print This Post

Prime minister Tun Dr Mahathir Mohamad said his administration will conduct a mid-term review of Budget 2018 to see if there are potential savings to be had.

The Pakatan Harapan (PH) chair also said he hoped the fresh evaluation would lead to undiscovered ways to reduce government expenditure.

“We will have to look into the midterm Budget. But I have instructed the finance ministry to look closely at the Budget to determine priorities,” he said after he was asked if a fresh federal spending plan would be tabled in Parliament after his first 100 days.

“We hope we can reduce the expenditure of the government as much as possible.”

Dr Mahathir earmarked DAP secretary-general Lim Guan Eng as his finance minister on Saturday, and brought back former top officials such as Tan Sri Zeti Akhtar Aziz to an economic advisory board.

He previously disapproved of former PM Datuk Seri Najib Razak’s Budget, accusing the latter of abusing the federal spending plan to distract the public from the 1Malaysia Development Bhd (1MDB) scandal.

Budget 2018 tabled last October amounted to RM282.25 billion, the largest ever in the country’s history.

All eyes are on how Pakatan Harapan manages to deliver its election pledges that include removing the Goods and Services Tax (GST) without upsetting the state of Malaysia’s finances.



Category: Malaysia

Print This Post