Government seeks additional RM7.1 billion for budget

Government seeks additional RM7.1 billion for budget

It tables a supplementary bill with the highest allocation, totalling RM2.71 billion, going to statutory funds.

Free Malaysia Today
This is not the first time the government is tabling such a supplementary bill, as it asked for an additional RM3.081 billion last year. (Reuters pic)
KUALA LUMPUR:
The federal government today tabled a supplementary supply bill in the Dewan Rakyat to seek an additional RM7.122 billion for the 2017 federal budget.

The largest allocation of RM2.71 billion will be channelled to an item listed as “statutory funds”.

The Election Commission will also receive RM82.07 million.

The supplementary bill was tabled by Deputy Finance Minister Johari Abdul Ghani and carried under the Supplementary Supply (2017) Act 2018.

This is not the first time the government is tabling such a supplementary bill. Last year, it tabled a supplementary supply bill for an additional RM3.081 billion.

The second highest allocation in the supplementary bill was RM891.1 million for the education ministry.

This was followed by the home ministry (RM804.2 million), agriculture and agro-based industry (RM685.4 million), health ministry (RM479 million), and higher education ministry (RM425.4 million).

The Public Service Department has been earmarked to receive RM395.7 million while the foreign ministry will receive RM155.4 million.

In October 2016, Prime Minister Najib Razak announced Malaysia’s 2017 budget which highlighted the government’s plans to accelerate growth, narrow its budget deficit and address the rising cost of living.

Najib announced RM260.8 billion, an increase of 3.4% from 2016. He said the 2017 revenue collection would expand around 3% to RM219.7 billion with a budget deficit expected at RM40.3 billion or 3% of the GDP for 2017.

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