The need for budgetary governance

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

FINANCE Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz is inviting the public to share their ideas for Budget 2022. He is hoping that by doing so, it will help improve the annual Budget preparation process.

The Ministry of Finance (MOF) will publish four public consultation papers (PCPs) to complement the Pre-Budget Statement issued earlier. The four PCPs pertain to Improvement of the Government Procurement Policy on Local Goods/Services and Procurement Policy involving the Bumiputera; Improvement of Cash Assistance for the people; Review of Tax Incentives; and the Drafting of the Fiscal Responsibility Act (FRA).