Govt allowed to utilise National Trust Fund for Covid-19 vaccines, expenditures

PETALING JAYA: The government will now be allowed to utilise funds from the National Trust Fund for Covid-19 vaccines and related expenditures, following amendments to the law.

The Emergency (National Trust Fund) Ordinance 2021 which came into force on Wednesday (April 21) will enable the government to source money from the fund which is derived mainly from petroleum revenue.

The amendment to Section 6 of the National Trust Fund Act 1988 will see the government increase additional funding to combat the Covid-19, apart from RM17bil which was passed under Budget 2021 for the purpose.

The Agong is empowered under Article 150 of the Federal Constitution with regard to the Emergency Proclamation to amend the National Trust Fund Act 1988.

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