All ministries urged to be prudent in implementing spending
Bernama
January 30, 2016 13:47 MYT
January 30, 2016 13:47 MYT
He said the reduction in development expenditure of RM5 billion would not impact the implementation of critical projects.
Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said all ministries need to be prudent in implementing operating and development expenditure.
He said through the recalibrated Budget 2016, some ministries had their operating expenditure reduced by between two and five per cent.
"It was determined at the recent Cabinet meeting that every ministry had to ensure that the expenditure determined by us (Finance Ministry) be implemented in a prudent manner," he added.
Ahmad Husni told a media conference this after officiating the SMK Jelapang Jaya Parent-Teacher Association meeting here today.
He said the reduction in development expenditure of RM5 billion would not impact the implementation of critical projects.
Meanwhile, Ahmad Husni said the government would ensure that Malaysia's economy continued to grow at a realistic rate of between 4 to 4.5 per cent, apart from achieving a 3.1 per cent fiscal deficit.
On allegations that the 1Malaysia people's Aid (BR1M) had yet to be received by some, he said it was being disbursed in stages and should not be a problem.