PUTRAJAYA, Aug 18 (Bernama) -- The federal government's operating expenditure will be cut by 15 per cent in the 2010 Budget, but the development expenditure will be maintained.
Second Finance Minister, Datuk Seri Ahmad Husni Mohamad Hanadzlah, said the 2010 Budget, which would be tabled by Prime Minister Datuk Seri Najib Tun Razak in October, was also expected to see a lower deficit compared with this year's, which was expected to reach 7.6 per cent.
"Talking about budget, we are now looking at the concept of value for money," he told reporters after chairing the focus group meeting on Budget 2010 here on Tuesday.
Ahmad Husni said previously, the ministries that used up all the amount allocated under the budget were considered to have performed well but it was no longer the case now.
"The government is looking at the result and outcome of the expenditure to the country first, whether operating or development expenditures.
"In other words, by doing so, we are able to cut cost, especially operating expenditure," he said.
For operating expenditure, he said, any minister who attend overseas trips could only bring two officers.
Ahmad Husni said the government expected lower revenue this year compared with last year's in view of the fall in exports by 20 per cent from January to July this year and the earnings, especially oil companies, were also lower.
"The government is looking at various areas to further increase revenue such as enhancing tax sources, but it must not affect the standard of living," he said.
Ahmad Husni said the government was also looking at the monetisation of its assets in Kuala Lumpur and hoped for more dividends from government-linked companies.
"For the long term, we are shifting from labour-intensive and low-technology to value-added economy," he said.
sumber - BERNAMA
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