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Finance Ministry to table Fiscal Responsibility Act by year-end, says minister

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KUALA LUMPUR, June 17 — The Ministry of Finance (MoF) plans to table the Fiscal Responsibility Act (FRA) in Parliament by the end of this year and will also include a medium-term...

KUALA LUMPUR, June 17 — The Ministry of Finance plans to table the Fiscal Responsibility Act in Parliament by the end of this year and will also include a medium-term revenue strategy and guiding principles on aspects such as a broader revenue base and statutory debt limits.

“All of this, and more, are also shared in the recently published Pre-Budget Statement, which sets out MoF priorities for Budget 2023,” he said in the 99th Laporan Kewangan Rakyat released today. He added that the Finance Ministry is guided by three main principles, namely responsiveness, accountability and reform to build the foundation for long-term reforms.

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