In his Royal Address at the opening of the first meeting of the Third Session of the 15th Parliament, His Majesty Sultan Ibrahim, King of Malaysia, emphasized the need for close monitoring of the government’s spending of public funds.
The King stated, “I will closely monitor the government’s spending, ensuring that all expenditure proposals will be channeled to meet real needs.”
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His Majesty expressed his hope that the government will achieve a fiscal surplus every year during his reign as King.
Sultan Ibrahim highlighted the introduction of the Public Finance and Fiscal Responsibility Act 2023 as part of a reform initiative aimed at enhancing governance, accountability, and transparency in public financial management.
The King also urged all parties to capitalize on the upcoming Visit Malaysia 2026 and Malaysia’s chairmanship of ASEAN next year, as these events present economic opportunities to generate new income sources and showcase the nation’s culture and heritage.
