Govt to introduce fiscal responsibility act next year


KUALA LUMPUR: The government intends to introduce the Fiscal Responsibility Act next year with the aim of improving governance, accountability and transparency in the country's fiscal management to ensure fiscal sustainability and support macroeconomic stability.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said a Public Consultation Paper on the Act had been published and all constructive feedback would be considered to improve the draft that was being prepared.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Powell has a long to-do list for his last full year as Fed chief
MoF: Low instances of using cryptocurrency in money laundering
Pestech appoints new chairman, group managing director
MRCB withdraws from KL-SG HSR consortium
MAHB sees 16.1% y-o-y growth to 11.2 million passengers in Nov 2024
Ringgit closes marginally lower ahead of FOMC meeting
WTK to acquire 15% stake in Durafarm for RM28.32mil
QCHB gets RM75mil land alienation and amalgamation contract
YTL Comms cleared by MACC in 1BestariNet probe
Advancecon wins RM417.7mil contract for Silver Valley Technology Park

Others Also Read