Zahid: Govt has sufficient funds for Budget 2017


  • Nation
  • Saturday, 22 Oct 2016

PORT DICKSON: The Government has sufficient funds for disbursement to the target groups in Budget 2017, says Datuk Seri Dr Ahmad Zahid Hamidi (pic).

The Deputy Prime Minister described as baseless the assertion by Tan Sri Muhyiddin Yassin that Budget 2017 could not be implemented because the Government did not have the means.

“In the budget preparation, Prime Minister Datuk Seri Najib Tun Razak, who is also Finance Minister, engaged with various quarters to obtain feedback on sectors and target groups,” he said, adding that consultations were held not only with the Finance Ministry and National Treasury but also the private sector as well as banking and research institutions.

“In every budget, there are elements to be considered such as Government revenue and estimated expenditure,” Dr Ahmad Zahid told reporters after the passing out parade for Immigration assistant superintendents in Series 2 Year 2016 at the Malaysian Immigration Academy here, Saturday.

Also present at the function were Negri Sembilan Mentri Besar Datuk Seri Mohamad Hasan and Immigration director-general Datuk Seri Mustafar Ali.

He stressed that although the budget tabled on Friday was a deficit budget, the Government had the fiscal means to cater to the target groups.

"The deficit is only in a small percentage, which people can understand but when one is on the other side, it's as if one's eyes are too blurred to accept the reality.

"The preparation of the budget is based on the country's fiscal condition.

It is based on the revenue that the country gets from numerous sources such as corporate tax, income tax, goods and services tax and excise tax," Dr Ahmad Zahid said. – Bernama


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