Govt to introduce fiscal responsibility act next year

KUALA LUMPUR: The government intends to introduce the Fiscal Responsibility Act next year with the aim of improving governance, accountability and transparency in the country's fiscal management to ensure fiscal sustainability and support macroeconomic stability.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said a Public Consultation Paper on the Act had been published and all constructive feedback would be considered to improve the draft that was being prepared.