Rafizi noted that the Finance Ministry is responsible for tabling the FRA while his ministry, which manages the development spending, will give input on the proposed bill. theSun thesundaily FRA Parliament ACCA RafiziRamli
: The proposed Fiscal Responsibility Act will send a strong signal to the market and put in place a good governance framework for public finances, said Economy Minister Rafizi RamliThere is a need to regulate how the country would spend money through legislation, which is why the proposed FRA is expected to be tabled in the Parliament in the near future, he added.
“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 on Friday night. “Our problems in the past are basically how we spend our money. With FRA, it will harmonise and the discipline to guide the whole government machinery all the way down,“ he added.
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