Finance Minister Lim Guan Eng today expressed gratitude to the Yang di-Pertuan Agong, Sultan Muhammad V, for initiating a 10 percent reduction to his salary and emoluments to help alleviate federal government debt.
Lim said that in the midst of worries over the country’s debt of over RM1 trillion, the concern shown by the Agong was highly appreciated by the people.
“His Majesty’s consent boosts my spirit as well as that of all Malaysians to help lessen the burden of the federal government’s debt caused by past financial scandals,” he said in a statement.
Yesterday, Sultan Muhammad V decreed that his salary and emoluments be reduced by 10 percent until the conclusion of his reign as the Agong in 2021.
The comptroller of Istana Negara Wan Ahmad Dahlan Abdul Aziz said in a statement yesterday that the king was deeply concerned about the level of debt and the country’s economy, and wanted to join the people in fulfilling his obligations to the country.
Sultan Muhammad V had also decreed that Istana Negara would not be hosting its annual Aidilfitri open house this year, and that the budget allocated for that would be used to help the less privileged.