NEWS

Budget 2021 must be approved to combat COVID-19 - Saifuddin

Datuk Saifuddin Abdullah

KUALA LUMPUR, Nov 5 -- Budget 2021 must be approved to ensure sufficient funds are available to be channelled towards the fight against COVID-19, said Communications and Multimedia Minister Datuk Saifuddin Abdullah.

He stressed that it was important to continue the efforts by the government and all parties in battling the third wave of the pandemic, with more than 30,000 people already infected.

Saifuddin, who expects a ‘brave COVID-19 Budget’, felt that the essence of the budget would not be about deficit or surplus.

“Instead, it will contain whatever is needed for the benefit of the people. If there is a need to add more debt, so be it.

“What is important is that the government has sufficient funds to implement all development programmes and projects for the people’s benefit,” he said in an article titled ‘Prihatin Menangani COVID-19’ (Concerned about the fight against COVID-19) in the Tinta Minda column on the Bernama.com portal.

He explained that since the Perikatan Nasional administration was formed, it immediately made COVID-19 the main priority, with the key focus being ensuring a balance between lives and livelihood.

He said although the government had a clear idea on the plan and implementation, that did not mean that the government was not susceptible to mistakes and weaknesses.

“But everything was systemically thought out and spelled out. For example, various standard operating procedures (SOPs) were created through engagement sessions with all the relevant parties.

“The National Security Council (MKN) also discussed in detail regarding the announcement and enforcement of the Movement Control Order (MCO), Conditional MCO and Recovery MCO,” he said.

As for the country’s economy, he said the government divided the economic policy into six levels through the ‘6R’ strategy, namely Restore, Resilience, Restart, Recovery, Revitalise and Reform. 

“Budget 2021 that will be tabled on Nov 6 (tomorrow) is the fifth stage (Revitalise) and the 12th Malaysia Plan that will be tabled next January is the sixth stage (Reform),” he said.

The full article on ‘Prihatin Menangani COVID-19’ can be accessed in the Tinta Minda column at Bernama.com.

-- BERNAMA





OTHER NEWS

Budget 2022: Impact on fixed income market almost negligible, says Manulife

KUALA LUMPUR, Nov 12 -- The impact from Budget 2022 on the fixed income market is almost negligible, given that there were no major surprises in terms of the country’s debt financing requirement and fiscal position, said Manulife Investment Management (Manulife).


Govt needs to look for other ways to increase revenue beyond Budget 2022 taxes - Expert

KUALA LUMPUR, Nov 11 -- Budget 2022 tax initiatives may not contribute significantly to government revenue and there is a need to look for other ways to increase it for the sustainable economic growth of the country, according to a tax expert.


Budget 2021 formulated based on valid data - MoF

KUALA LUMPUR, Dec 16 -- Budget 2021 was formulated based on reports presented by relevant bodies whose data could be determined to be valid, the Ministry of Finance (MoF) said.


HIGHLIGHTS


EXCLUSIVE


ECONOMIC REPORT

Budget 2021: MoT to provide incentives to lighten people’s burden - Wee 

KUALA LUMPUR, Nov 19 -- The Ministry of Transport which receives RM6.05 billion allocation under Budget 2021, will be providing various incentives to benefit the people.


2021 Budget : MAFI, private sector must co-operate to optimise Budget 2021

KUALA LUMPUR, Nov 16  -- The Ministry of Agriculture and Food Industries (MAFI) and the private sector must escalate co-operation to optimise the allocation in the 2021 Budget to MAFI so that ...

Budget 2021 described as inclusive for all in tourism sector

KUALA LUMPUR, Nov 9 -- The inclusive Budget 2021 touching on the involvement of various parties contributing to the economic chain related to the tourism sector is seen capable of revital...



BNC LIVE


BUDGET SPEECH



© 2024 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution