King says he will personally monitor government spending

The Star

In his Royal Address when opening the first meeting of the Third Session of the 15th Parliament on Monday (Feb 26), His Majesty Sultan Ibrahim, King of Malaysia, said he would personally monitor how the government spends public funds.  Read more at https://shorturl.at/dhou9  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00 "I am disappointed to hear that the government is bearing the burden of debt.

00:14 This is because since 1998, the government has always been in a permanent deficit.

00:27 Will we leave this burden to our children and grandchildren?

00:37 The answer is to all of you here.

00:43 The government's long-standing deficit will force it to implement a new development project

00:56 or provide financial support to build economic growth.

01:08 Therefore, I support the government's desire to immediately take steps to save money,

01:16 including to implement a large-scale subsidy.

01:26 In addition, the new foundations that are more comprehensive need to be continued to be introduced,

01:36 including introduction to the Financial Act and the fiscal responsibility in 2023,

01:48 which is a step in the development camp to improve the management of public finances

02:01 so that it is more direct and responsible.

02:06 I will also investigate government spending and ensure that every budget is for what is really needed.

02:20 I hope that during my term as Prime Minister, the government will be able to receive an extra fiscal every year.

02:30 I must also be firm in raising public funds' critical and fluctuating standards.

02:41 All levels of this fiscal management deficit need to be inspected,

02:49 including the legal body and the companies owned by the government and its subsidiaries.

02:59 I am afraid that some of you may fall asleep if I go on for too long, so I will shorten it.

03:06 [In Malay]

03:28 That is all.

03:34 [In Malay]

03:42 Thank you.

03:45 [End of session]

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