KUALA LUMPUR: The Finance Ministry has been identified as the first ministry which requires immediate institutional and governance reforms, says Council of Eminent Persons (CEP) chairman, Tun Daim Zainuddin.
He said the council, in its findings, said the Finance Ministry is a key component.
"What is most important is the Ministry of Finance. The ministry must bring in money for the country and make sure their expenditure is not wasted and there must be no corruption," he said in response to a question on which ministries needed to improve its governance.
Asked on how much money the government would be able to save with the CEP's recommendations if implemented, Daim merely replied: "Definitely a lot of money."
Following Pakatan Harapan’s win in the 14th general election in May, disclosures have been made, including by Treasury officials that they were barred from accessing certain accounts and reports.
Finance Minister Lim Guan Eng had previously said that certain ‘red’ files were only accessible to certain parties, which impeded officials and auditors from carrying out their responsibilities. © New Straits Times Press (M) Bhd