In a first for the country, Public Finance and Fiscal Responsibility Act passed in Dewan Rakyat

Hindu mum Loh Siew Hong’s case: High Court rejects Perlis Islamic Council’s bid to gain access to her children for religious education

Under Clause 5 of the Act, the minister is responsible for formulating and implementing the fiscal policy of the government with the objectives of ensuring sustainability of public finance, preserving macroeconomic stability and safeguarding the well-being of the people. Should the government fail to meet the targets, Clause 26 allows the government to temporarily deviate from the fiscal objectives upon the occurrence of a sudden and unpredictable event that may pose significant risks to human life, economy and fiscal position.

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