Ismail Sabri: 2022 development expenditure performance at 50.35%

KUALA LUMPUR: This year’s Federal development expenditure (DE) performance until Aug 15 recorded an increase to 50.35% compared to 26.4% on April 15, says Datuk Seri Ismail Sabri Yaakob (pic).

The prime minister said this was informed in the 12th Malaysia Plan (12MP) Highest Monitoring Committee meeting which he chaired on Friday (Aug 19), which was also attended by senior ministers and heads of department and agencies.

"All ministries are urged to raise their expenditure performance. Unused allocations must be returned to the Finance Ministry to be re-channelled to ministries in need," he said in a statement.

The prime minister said the 12MP Highest Monitoring Committee and the National Development Project Implementation Facilitation Committee (JP4N) would continue to look into current issues and challenges to expedite the implementation of development projects during the 12MP period for the benefit of Keluarga Malaysia (the Malaysian Family).

In addition, Ismail Sabri said the meeting today had also agreed that the Prime Minister’s Department’s Economic Planning Unit (EPU) prepare a 12MP mid-term review to examine and revise existing policies and targets so that targeted development goals can be achieved, with the process to run for a year from September this year.

More to come

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