No more 'Christmas shopping' for govt ministries as 'zero-based budget' adopted, says Guan Eng

Finance Minister Lim Guan Eng says rules for cryptocurrency exchanges, ICO in force by Q1 of 2019.

KUALA LUMPUR: The Government has implemented a "zero-based budget" system to avoid a "Christmas shopping" scenario where ministries rush to finish up allocations before the year ends, said the Finance Ministry.

Its minister Lim Guan Eng (pic) said zero-based budgeting would maximise savings and returns.