Former finance minister says making bidding for public contracts transparent will prevent massive scandals such as 1MDB and Jana Wibawa.
Former finance minister Lim Guan Eng said the Public Finance and Fiscal Responsibility Bill would prevent the country from going bankrupt.
“Then the Covid-19 pandemic hit, which made the then government spend RM500 billion. Following which, the prime minister said the country was out of money. “The second target is a fiscal balance of 3% of GDP or less in the next three to five years. This refers to the deficit.”
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