THE Finance Ministry is seeking the Dewan Rakyat’s approval of RM1.5bil as additional expenditure, including RM70mil towards organising the upcoming 10th OIC Summit.
Another RM54mil is being sought for the balance of expenditure for the earlier Non-Alignment Movement Summit.
This comes under the Supplementary Supply Bill which was tabled for second reading by Second Finance Minister Datuk Dr Jamaluddin Mohd Jarjis yesterday.
The Education Ministry is expected to get the bulk of the funds, in which RM1bil would be used for various programmes such as RM594mil to implement the teaching of Science and Mathematics in English and ICT courses.
“Another RM87.7mil is to help pupils from poor families under a RM120 one-off aid programme,” Dr Jamaluddin said.
He said RM50mil was also needed to pay for “utility costs” due to the use of ICT equipment in the teaching of Science and Mathematics in English.
He said that the Government was also seeking RM64mil to prepare athletes for the 2006 Asian Games and the Commonwealth Games.
Another RM16mil is required to meet the operating costs of changing road tax discs to those with higher security features.
Under allocations for the Public Services Department, about RM85mil is being sought to pay for scholarships of Malaysian students overseas.
Another RM3bil was required as development funds for, among others:
·acquiring military equipment worth RM400mil like main battle tanks, TK Transporter, simulator and 155mm cannon;
·purchase of equipment like Scorpene submarine and Super Lynx helicopters for the navy at a cost of RM300mil;
·cost of funding new primary and secondary schools amounting to RM600mil;
·project to build computer labs costing RM100mil;
·capital injection of RM500mil to Bank Pertanian, Bank Pembangunan Infrastruktur Malaysia Bhd, Bank Simpanan Nasional and Bank Industri.
Did you find this article insightful?