Published: Tuesday June 18, 2013 MYT 2:20:00 PM
Updated: Tuesday June 18, 2013 MYT 7:32:26 PM
Najib talking to a participant at the Budget Consultation session
PUTRAJAYA: The 2014 Budget will be tabled in Parliament on Oct 25,Prime Minister Datuk Seri Najib Tun Razak said.
Najib also announced the setting up of a Fiscal Policy Committee aimed at reducing fiscal deficit, strengthening public finances and ensuring nation's long-term fiscal sustainability.
Speaking at the 2014 Budget Consultation sessions, Najib, who is also Finance Minister, said he would chair the committee which would include selected Cabinet ministers and heads of departments.
On the consultations, Najib said 96 memorandums were submitted covering a wide spectrum of macro, sectoral and social issues to theMinistry of Finance (MOF) for consideration.
"I believe that among the 96 memorandums, part of it which we feel are in line with the government's objectives would be considered," he said.
"It focuses on two elements invigorating the economy and ensuring the well-being of the people in an inclusive manner," he said.
Najib said the theme for this year's consultation is "Fulfilling Promises, Accelerating Transformation."
"This year's budget is of great significiance to the government that has been given a new mandate to fulfill the aspirations of the rakyat," he said.
* is there any chance for the GST implementation date to be announced in this 2014 Budget speech? let's pray, wait & see... :)
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