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Psa Mof

In: Business and Management

Submitted By lailaasmah
Words 328
Pages 2
On April until June, the treasury will analysis and examine the federal budget expenditure which had been prepared by each agency. In the first month which is in April the Budget Review Officer with representatives from Economic Planning Unit and Public Service Department will conducting Preliminary Hearing about budget process. In this step, they only discuss about policies and issues of a general nature. It is also purposely to check budget proposals with policy directives. As for next two months, they would hold a Budget Hearing. This Budget Hearing is conduct on May and June. The main purpose of Budget Hearing is to examine the request of the staff by the Public Service Department. In addition to that, Budget Hearing also ensuring that annual budget proposal conforms to the five years development plan. Other than that, the purpose is to consider the physical as well as financial performance for past years and look at the government financial position and New Economic Policy objectives. Next month, consolidation of the federal budget expenditure would be conducted by treasury.
On August to September, in order to make an approval by Ministry of Finance and Cabinets for the federal budget expenditure, the dialogue session will be conducted. They will consider on every significant business and group community. This dialogue will be last for last two weeks and cover consultation with Malaysian Institute of Economic Research (MIER), Economic Association of Malaysia, Consumer and Bankers Association, Chambers of Commerce and voluntary organization. The dialogue will follow by Treasury and they will jot down all the criticisms of the existing policy and study proposal for new policy and ax change. Two Deputy Minister of Finance, Bank Negara Governor and Deputy, Head of Economic Planning Unit and Secretary General of key economic agency will present in this dialogue. These core agencies and Statistic Department forms the Inter Agency Planning Group (IAPG). They are government think-tank for the formulation of all major economic planning policies.

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