KUALA LUMPUR: The Special Select Committee on Budget has listed eight recommendations for the government to further strengthen management and enhance the transparency of debt and liabilities exposure based on the principles of good governance, prudence and constant monitoring. Among others, the committee recommends that the government present the debt and liabilities exposure position to the Parliament on a regular basis to enable the monitoring of debt repayment, interest payment and debt level. The committee also recommends the government report on the actual commitment of debt service charges and its percentage of revenue in detail. The committee, MoF said, also proposes the introduction of specific coding in the annual Budget Estimates for other financial commitments such as PPP, PFI or transfer payment related to debt and liabilities. The bipartisan committee comprises both government and opposition members of parliament, with the main task of scrutinising the federal budget and matters that may impact the budget execution.

Source: New Strait Times October 11, 2019 09:33 UTC