Pre-Budget Statement for Budget 2022 to enhance transparency
The Ministry of Finance issued a Pre-Budget Statement (PBS) for Budget 2022 which enables tracking of specific metrics said Finance Minister Tengku Zafrul Abdul Aziz.
He said the trackable metrics include economic outlook, tax revenue performance status, and public expenditure status for 2021.
The PBS also provides a...
The Ministry of Finance issued a Pre-Budget Statement (PBS) for Budget 2022 which enables tracking of specific metrics said Finance Minister Tengku Zafrul Abdul Aziz.
He said the trackable metrics include economic outlook, tax revenue performance status, and public expenditure status for 2021.
The PBS also provides a preliminary overview of the direction, approach, and expected benefits of Budget 2022.
"This move is in line with international best practices, whereby a PBS is published to enhance the transparency of the process in formulating the annual budget as well as to increase public confidence, particularly among investors, in the country’s fiscal management.
"The Ministry of Finance is confident that the publication of the PBS will provide more avenues for stakeholders to provide feedback and contribute towards formulating a budget that is well-aligned to the needs of the rakyat as well as the country’s policies and national objectives," said Zafrul.
- Bernama
