Government spending to be cut by RM5.5bil this year

PUTRAJAYA: Datuk Seri Najib Tun Razak announced a RM5.5bil cut in government spending to maintain economic growth at between 4.5% to 5.5% this year amid plummeting oil prices.

Although the Government is cutting its Operating Expenditure this year – which includes deferring the National Service programme and freezing allocations on new government vehicles and office equipment – Development Expenditure worth RM48.5bil for infrastructure projects would be maintained and spent.