Friday, January 8, 2016
Najib: Budget 2016 to be recalibrated
The Prime Minister said that adjustments would have to be made to this year's budget as much had changed since it was tabled last October.
"This is to ensure that it is accurate, realistic and according to the economic situation we are currently facing," he said when addressing Finance Ministry staff on Friday.
Najib, however, did not give a specific date when the adjusted Budget would be presented, but indicated that this would be done soon.
The changes would include additional measures to be taken to optimise expenditure and the role of Government-linked companies.
The Prime Minister assured that despite the adjustments to the 2016 Budget, the people's well-being would continue to be the Government's priority.