Exposure of debts reminder for prudent financial management

KUALA LUMPUR: The exposure of government debts and liabilities which amounted to RM1.0873 trillion was not meant to tarnish the image of the previous government. Instead, Deputy Finance Minister Datuk Amiruddin Hamzah said it was a reminder to the Pakatan Harapan government to exercise greater prudence in managing its finances. He said it was also to ensure the government adopted appropriate measures in administrating the country. “We have no intention to tarnish anyone’s image, including that of the previous government. “Our purpose is to remind the government of our debts and liabilities so that we can administer the country more prudently to secure value for money for every project that we implement for the benefit of the people,” he said when replying to an oral question from Senator Datuk Yahaya Mat Ghani at the Dewan Negara. Amiruddin said the move to take into account all debts and obligations of the government was more prudent and realistic, especially in terms of the management of the nation’s finances. “This is to ensure that any decision taken by the government is comprehensive and does not burden the government financial position based on more accurate and comprehensive information,” he said. He also said that investor confidence in the medium and long term would be stronger with the more competent, accountable and transparent government move. BERNAMA © New Straits Times Press (M) Bhd