EPU gets bulk of 2014 Budget for ETP projects
KUCHING: The Prime Minister's Department received one of the biggest allocations of RM16.45 billion under the 2014 Budget because its Economic Planning Unit (EPU) captures all capital expenditure for development planning throughout the country, Minister in the Prime Minister's Department Datuk Seri Idris Jala said today.
He said the EPU is a big organisation that coordinates all economic transformation programmes that involve capital expenditure to grow the national economy.
"I am happy with the budget. Prime Minister Datuk Seri Najib Tun Razak said the budget is about fulfilling promises that do not burden the people," he told reporters after opening the Commonwealth Association for Public Administration and Management (Capam) regional forum 2013 here.
He said under the budget, the fiscal deficit would continue to be reduced to ensure the country strengthens its economic resilience and accelerates the government transformation programmes
Malaysia's targeted gradual reduction is from 4.5 per cent of gross domestic product (GDP) last year to four per cent this year, 3.5 per cent next year and three per cent in 2015, he said.
The goods and services tax (GST), when it becomes the replacement tax in April 2015, would broaden the tax base without burdening the people as essential items like rice, poultry, fish and onions would not be affected, he said.
Earlier, he said key performance indicators (KPIs) would ensure that the government and civil servants are accountable to the public in the implementation of the various transformation programmes. -- BERNAMA