KUALA LUMPUR: Development projects under the 12th Malaysia Plan (12MP) for 2022 will be reviewed for implementation in line with guidelines issued by the Ministry of Finance (MoF), said Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed.
He said in a statement that this is to optimise government spending in financing some of the additional subsidy-related expenditure.
Mustapa, who chairs a coordination meeting on the implementation of development projects under the 12MP once a month, said a meeting on the allocation of development expenditure (DE) was held today and attended by representatives of the MoF, Ministry of Works, Implementation Coordination Unit, Prime Minister's Department (ICU) and Public Works Department.
"Today's meeting, among others, decided that the proposed projects be reviewed for implementation involving new and existing projects that have not yet started the procurement process or being advertised; non-priority projects that have been identified except projects that have an immediate impact on the well-being of the people; and new and existing projects that face implementation problems such as site issues," he said.
Meanwhile, projects for which tender advertisements, letters of intent and letters of acceptance have been issued will be continued to support the government's efforts to accelerate the post-COVID-19 economic recovery.
The Economic Planning Unit, Prime Minister's Department (EPU) clearly noted that expenditure for aid and subsidies is projected to reach RM77.7 billion compared to the allocation of RM31 billion approved in Budget 2022.
Mustapa also said an engagement session between the MoF, EPU and ICU with all ministries would be held next week to provide clarification on the proposed review of priorities for the implementation of development projects in 2022.
"The government will ensure that the austerity measures implemented do not affect the country's economic recovery efforts and the well-being of the people," he added.
The Public Expenditure Savings Guidelines issued by the MoF on July 14 among others outline that operating expenditure achieves at least 5.0 per cent savings from the remaining allocation for 2022.
As for DE, projects that have not started the procurement process or being advertised are reviewed for priority, and for non-priority projects that have been identified should be postponed except for projects that have an immediate impact on the well-being of the people.
-- BERNAMA
Bernama
Tue Jul 19 2022
Mustapa said in a statement that this is to optimise government spending in financing some of the additional subsidy-related expenditure. - Jabatan Penerangan Malaysia
Who is Prabowo Subianto, incoming president of Indonesia?
A wealthy ex-general with ties to Indonesia's popular outgoing president and its dictatorial past, looks set to be its next leader.
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Putin says Russia willing to seek compromises between Iran and Israel
Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
What proposals will Russia push at the BRICS summit?
The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.