Budget 2021: Provisions for infrastructure projects will trigger economic growth, says former Finance Ministry sec-gen

  • 📰 staronline
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

PETALING JAYA: Budget 2021 provides provisions for infrastructure projects that will trigger economic growth, says Tan Sri Mohd Sheriff Mohd Kassim.

The former Finance Ministry secretary-general said critics of the Budget had overlooked the RM15bil allocated to kickstart big infrastructure projects to drive a quicker economic recovery and achieve the projected GDP growth of 6.5% to 7.5%.

Although construction works are planned and funded by the government, Sheriff said the execution on the ground is carried out by contractors. “The important thing is how the contracts are awarded. There must be public accountability so that taxpayers will know the contractors are the right ones for the job, ” he added.

“We carried out countercyclical government spending to inject new blood into the economy, ” he added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance minister: Evaluate Budget 2021 to gauge govt’s determination in championing vulnerable groups | Malay MailKUALA LUMPUR, Nov 24 — The people need to evaluate the salient points of Budget 2021 to gauge the government’s determination in championing the vulnerable groups who are currently facing difficulties and are economically affected by the Covid-19 pandemic, said finance minister Datuk Seri Tengku...
Source: malaymail - 🏆 1. / 86 Read more »

Budget Office: Finance Ministry didn’t anticipate Covid-19 third wave when drafting 2021 allocations | Malay MailKUALA LUMPUR, Nov 27 ― In drafting Budget 2021, the Finance Ministry did not anticipate the third wave of Covid-19, and the reinstatement of the conditional movement control order (CMCO), its National Budget Office director Johan Mahmood Merican admitted today. However, acknowledging that the...
Source: malaymail - 🏆 1. / 86 Read more »

Finance Ministry says Budget 2021 formulated based on valid data | Malay MailKUALA LUMPUR, Dec 16 — Budget 2021 was formulated based on reports presented by relevant bodies whose data could be determined to be valid, the Ministry of Finance (MoF) said. Deputy Finance Minister II Mohd Shahar Abdullah said the government would not present the expansionary budget if it did...
Source: malaymail - 🏆 1. / 86 Read more »

Budget 2021: Dewan Rakyat passes Finance Bill 2020, tax breaks aplentyKUALA LUMPUR: The Dewan Rakyat has passed the Finance Bill 2020 that provides several tax breaks to cushion the impact of Covid-19, as provided for under Budget 2021. FUCK looks like everyone is going to remain with a back door government which no one voted for
Source: staronline - 🏆 4. / 75 Read more »

Finance Ministry: 2021 Budget formulated based on valid data | New Straits TimesNSTnation Deputy Finance Minister II Mohd Shahar Abdullah said the government would not have presented the expansionary budget if it did not have confidence in the country's future economic performance. Finance Budget2021 Economic Performance
Source: NST_Online - 🏆 17. / 53 Read more »