Rafizi Ramli said the Fiscal Responsibility Act will be a framework to guide the whole government machinery at every level.
There is a need to regulate how the country would spend money through legislation, which is why the proposed FRA will be tabled in the Dewan Rakyat in the near future, he said. “It is part and parcel of what we need to do to strengthen the economy,” he told the media after delivering a keynote address at the Association of Chartered Certified Accountants Stakeholders’ Appreciation Reception here last night.
“Our problems in the past were basically how we spent our money. With the FRA, it will harmonise and instil the discipline to guide the whole government machinery at every level,” he added.
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