Be financially self-reliant, Zahid tells govt agencies

Government Agencies News

Be financially self-reliant, Zahid tells govt agencies
Government AllocationsFinancial IndependenceAhmad Zahid Hamidi
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Campbell acknowledged shortcomings in her role as a trustee of the Fashion for Relief charity, which she founded.

KUALA LUMPUR: Government agencies must stop being too reliant on government allocations and learn to achieve financial independence, says Datuk Seri Dr Ahmad Zahid Hamidi .

He praised Felcra’s efforts as a leading example, having recorded a significant increase in interim distributable profits. He also urged agencies to collaborate more closely with the private sector to foster innovation and boost rural development, citing several successful collaborations such as the partnership between Risda and Alliance Concord Green Sdn Bhd to develop renewable energy through biogas.

Ahmad Zahid lauded the recent positive developments in Malaysia’s economy, citing the World Bank’s upward revision of the country’s gross domestic product growth forecast from 4.3% to 4.9% for this year. In the speech, Ahmad Zahid also highlighted that the ringgit appreciated by 2.5% against the US dollar in July 2024, outperforming other regional currencies, including the Singapore dollar, the Thai baht, and the Indonesian rupiah.

He called on government agencies to continue to enhance efficiency, and focus on delivering tangible benefits to the people.

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Government Allocations Financial Independence Ahmad Zahid Hamidi Deputy Prime Minister Rural And Regional Development Ministry

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