A BUDGET monitoring committee will be established to ensure allocations under Budget 2024 are properly disbursed, Deputy Finance Minister Ahmad Maslan said.

He said the committee would be headed by Prime Minister Anwar Ibrahim, who is also finance minister, and its members would include Deputy Finance Minister Steven Sim, Treasury secretary-general Johan Mahmood Merican and himself.

The establishment of the committee would also be in line with the Public Finance and Fiscal Responsibility Bill 2023 that was passed in parliament on Wednesday, he told reporters in Putrajaya today.

He said the functions of the committee, among others, would be to report on the achievements of 2024 Budget for the period of January to June next year.

“It is the responsibility of all agencies and ministries to ensure that the budget is implemented efficiently and I hope that all ministries have a timeline for projects they want to carry out,” he added.

Anwar, when tabling the 2024 Budget in the Dewan Rakyat on Friday, said the second Madani budget involved allocations amounting to RM393.8 billion, which is the highest budget ever presented. – Bernama, October 15, 2023.