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R.AGE Newsflash: Govt spending in Budget 2019 should be monitored, says analyst


  • Nation
  • Monday, 12 Nov 2018

PETALING JAYA: An independent agency or special task force should monitor the government’s spending when it comes to Budget 2019, says Asli's Centre for Public Policy Studies senior policy analyst Jarren Tam.

 

“The budget cycle is incomplete.

 

“We lack an end-of-year review where we are able to see whether what has been allocated in Budget 2019 has been implemented in 2019 itself,” he said.

 

Reforms are needed when it comes to transparency in government spending, he added.

 

He said the newly announced Fiscal Responsibility Act and Government Procurement Act will go some way to improve that, but more could be done.

 

Tam suggested that ministries publish their accounts, much like corporations that are listed on the stock exchange. 

 

"It's the peoples' taxes. It's our right to know where this money is going," he said.  

 

Newsflash is a R.AGE explainer series that dissects and discusses current issues. Watch the full series here.

 

Budget 2019 , R AGE , Government , Asli

   

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