Finance minister: RM5b to RM6b savings targeted from remaining operating allocation for 2022

KUALA LUMPUR, July 20 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz is targeting an estimated RM5 billion to RM6 billion worth of savings from the remaining operating allocation in 2022.

“The value of five per cent not that big, even if you look at our expenditure is RM332 billion, this year’s development expenditure is RM75 billion, while subsidies reach RM77.7 billion and we expect it may reach RM80 billion. Tengku Zafrul stressed that no projects will be cancelled but there are projects that can be temporarily postponed.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

New UK finance minister targets inflation, ‘sound finances’LONDON, July 19 — Britain’s government must focus on sound public finances and avoid further fuelling inflation by pumping up demand, new finance minister Nadhim Zahawi is due...
Source: malaymail - 🏆 1. / 86 Read more »

Finance minister: Mechanism for targeted petrol subsidy being tested, up to six months of study before roll-outKUALA LUMPUR, July 19 — The mechanism for targeted petrol subsidies is currently in the early stages of testing, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz. He...
Source: malaymail - 🏆 1. / 86 Read more »