Use Of Trust Fund Money A Sign Of Inefficiency Says Pejuang Man


 
Pejuang committee member Tariq Ismail Mustafa said Putrajaya was inefficient in managing national finances.PETALING JAYA: Putrajaya should not have to tap into the National Trust Fund (KWAN) for vaccine expenses if it had managed the economy better, said a Pejuang leader today.
Questioning whether last year’s budget was based on political needs as opposed to the risks facing the economy during the pandemic, Pejuang central committee member Tariq Ismail Mustafa also accused the government of managing the country’s finances inefficiently.
“There’s no reason to touch KWAN funds if all the economic stimulus packages were well thought out before they were announced,” he said in a statement.
“The government should have been able to anticipate the risks and economic effects of the pandemic, and formulate strategic measures early on to offset expected shortfalls.
“Instead, a lot of government spending is used on accommodating 70 cabinet members and their staff.”
On Tuesday, the government passed a new emergency ordinance which amended the National Trust Fund Act 1988 to allow the fund to be used for the procurement of vaccines and related expenditure.
The fund reportedly has RM16.9 billion in assets as at the end of 2017.
Tariq, a former Bersatu Supreme Council member, also hit out at Bersatu information chief Wan Saiful Wan Jan for comparing KWAN with the Employees Provident Fund yesterday.
Stating that KWAN funds are held in trust for alternative financing of national development, Tariq said the fund enables revenue to be invested prudently and not misused except for reasons agreed upon at the Dewan Rakyat.
“In terms of accounting principles, it is an ‘accounting provision’ for certain projects where funds are allocated and invested to ensure project financing is not affected,” he said. “It is not a government savings account like how the EPF is a form of savings for employees.”
The trust fund was set up in 1988 and is managed by Bank Negara Malaysia. It is made up of contributions by states which derive royalty from the exploitation of petroleum or other depleting resources, or any authority whose business includes research or development of a depleting resource – with Petronas its most notable contributor. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2021/04/use-of-trust-fund-money-sign-of.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+Kno

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Dipping Into National Trust Fund Shows Lack Of Govt Effort Says Economist

Dipping Into National Trust Fund Shows Lack Of Govt Effort Says Economist

papar berkaitan - pada 28/4/2021 - jumlah : 195 hits
It s quite alarming that the finance minister is saying there is a crisis when he had previously been reassuring us that the economy was in good shape and fixed for healthy growth this year So this appears to be mixed messaging Economists h...
Only Parliament Can Change Terms Of Use For Public Trust Fund

Only Parliament Can Change Terms Of Use For Public Trust Fund

papar berkaitan - pada 25/4/2021 - jumlah : 263 hits
From Hafiz HassanKWSP is a well known acronym for Kumpulan Wang Simpanan Pekerja The name says it all It is employees savings But KWAN is little known No it s not a surname It is an acronym for Kumpulan Wang Amanah Negara It is a trust fund...
How Much Will Be Taken From National Trust Fund Govt Asked

How Much Will Be Taken From National Trust Fund Govt Asked

papar berkaitan - pada 24/4/2021 - jumlah : 334 hits
IDEAS CEO Tricia Yeoh says the government must make clear the quantum it plans to take from KWAN to buy vaccines PETALING JAYA Putrajaya has been urged to disclose exactly how much it intends to withdraw from the National Trust Fund for vac...
Mp Why Tap Trust Fund For Vaccines What Happened To Rm3b Budget

Mp Why Tap Trust Fund For Vaccines What Happened To Rm3b Budget

papar berkaitan - pada 22/4/2021 - jumlah : 216 hits
Klang MP Charles Santiago questioned why Putrajaya is tapping the National Trust Fund when RM3 billion was allocated for the procurement of Covid 19 vaccines under Budget 2021 Charles said the government should explain if this was an additi...
Let People Earn Some Money In Emco Affected Tawau Says Mp

Let People Earn Some Money In Emco Affected Tawau Says Mp

papar berkaitan - pada 26/4/2021 - jumlah : 228 hits
Tawau MP Christina Liew said the EMCO lockdown in the district had affected the income of residents PETALING JAYA Tawau MP Christina Liew has called on the Gabungan Rakyat Sabah state government to allow certain sectors of the economy to op...
Man Arrested After Driver Says Boss Threatened To Shoot Him

Man Arrested After Driver Says Boss Threatened To Shoot Him

papar berkaitan - pada 3/5/2021 - jumlah : 268 hits
The incident allegedly happened at a home in Country Heights Kajang early yesterday KUALA LUMPUR A man has been arrested on suspicion of assaulting and threatening to shoot his employee during an argument at a house in Country Heights Kajan...
Exemplary Ayob The Man For Cid Chief S Job Says Igp

Exemplary Ayob The Man For Cid Chief S Job Says Igp

papar berkaitan - pada 1/5/2021 - jumlah : 413 hits
Inspector General of Police Abdul Hamid Bador says many people want Ayob Khan Mydin Pitchay to move up and they like him because of the way he makes roti canai KUALA LUMPUR Current Johor police chief Ayob Khan Mydin Pitchay has been propose...
Economy Suffering Due To Severe Trust Deficit Says Guan Eng

Economy Suffering Due To Severe Trust Deficit Says Guan Eng

papar berkaitan - pada 20/4/2021 - jumlah : 217 hits
Lim Guan Eng has listed three main reasons for Putrajaya s financial problems PETALING JAYA The government s focus on political survival has created a severe trust deficit and impacted economic recovery says DAP secretary general Lim Guan E...
Wrong To Use Criminal Standard To Convict Najib Says Lawyer

Wrong To Use Criminal Standard To Convict Najib Says Lawyer

papar berkaitan - pada 13/4/2021 - jumlah : 211 hits
The conviction of Najib Razak cannot be safe lawyer Farhan Read says PUTRAJAYA Trial judge Mohd Nazlan Mohd Ghazali was wrong to state that Najib Razak must be held accountable for abuse of power by using a criminal standard the Court of Ap...
Umno Youth To Protest Extra Hours For Civil Servants Working Shifts

The Difference In The Concept Of Illicit Relationship Between Muslims And Non Muslims

Pensyarah Didakwa Hina Nabi Jawi Turut Buka Siasatan

Pas Langkaui Retorik Dap Isytihar Pas Muuh Utama

Murid Buktikan Pada Guru Lembu Makan Martabak

Abang Adik Wins Best Film Award In Los Angeles

Let S Not Return To The Old Ways Of Tight Media Control

Air Terjun Tujuh Puteri Bukit Sri Permata


echo '';
Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3

Biodata Terkini Reshmonu Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Hey Waley

Gegar Vaganza 2024 GV 11 Hadiah Tiket Peserta Juri Format Pemarkahan Dan Segala Info Tonton Live Di Astro Ria Dan Sooka

6 Janji Donald Trump Kalau Dia Naik Jadi Presiden Semula


12 Abang Abang Macho Berentap Dalam Who S Your Bro Maskulin

Hoo Pang Ron Cheng Su Yin Ke Final China Masters 2024

Geng Jin

Perbanyakkanlah Taubat

Bagaimankah Cara Kira Umur Kucing

Kenaikan Pangkat One Off Bagi Gred 9 10 11 Sspa