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

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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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Public Finance and Fiscal Responsibility Bill to improve public finance legal frameworkKUALA LUMPUR: The Public Finance and Fiscal Responsibility Bill 2023 (RUU KATF 2023) is expected to improve the legal framework for public finance and...
مصدر: theSundaily - 🏆 25. / 51 اقرأ أكثر »

Ahmad Maslan presents public finance and fiscal responsibility bill in parliamentKUALA LUMPUR: The Public Finance and Fiscal Responsibility Bill (RUU) 2023 was presented for the first reading in the Dewan Rakyat today. Deputy Finan...
مصدر: theSundaily - 🏆 25. / 51 اقرأ أكثر »