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Finance Ministry: Urgent need to table Fiscal Responsibility Act in Parliament this October

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KUALA LUMPUR, Sept 11 — The Fiscal Policy Committee (FPC) has unanimously agreed on the significance and urgency of tabling the Fiscal Responsibility Act (FRA) in the...

KUALA LUMPUR, Sept 11 — The Fiscal Policy Committee has unanimously agreed on the significance and urgency of tabling the Fiscal Responsibility Act in the Parliamentary session this October, according to the Ministry of Finance .

“It contains robust fiscal management principles with an emphasis on governance, accountability and transparency in managing public finance,” the ministry said in a statement today. Prime Minister and Minister of Finance Datuk Seri Anwar Ibrahim chaired the FPC meeting today to review the country’s latest economic development as well as the government’s current fiscal position and medium-term fiscal projections in preparation for the upcoming Budget 2024.

 

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