Ideas hails Malaysia's fiscal responsibility laws

“This law is a significant step towards improving our public financial management and ensuring budgets are justified to Parliament through sound economic planning,” Ideas' Sri Murniati said.

PETALING JAYA: The Institute for Democracy and Economic Affairs (Ideas) says the Public Finance and Fiscal Responsibility (PFFR) Act is a welcome move, as it aims to promote equitable growth in the economy as well as working towards sustainable policy-based fiscal planning.

The act spells out the Minister of Finance (Inc)’s (MoF) responsibility to ensure fiscal sustainability and stability.