Executive Summary - Fiscal Responsibility During Political Transitions: the use of the Vote on Account in Malaysia

Executive Summary - Fiscal Responsibility During Political Transitions: the use of the Vote on Account in Malaysia

7 Aug 2024

In Malaysia, the vote on account is for the budget to undergo scrutiny and applied in a situation where the budget for deliberation. [...] Malaysia’s constitutional framework makes • India’s procedure was similar in this provision for a vote on account in the form respect until 2017 when the budget i Fiscal Responsibility During Political Transitions: the use of the Vote on Account in Malaysia schedule was moved earlier and the • Establish a requirement for the outgoing vote on account is now only moved for government to put up a vot. [...] • Require the government to report the • New Zealand, on the other hand, utilisation of the vote when tabling the employs an imprest mechanism full budget. [...] In the longer term, the following options Parliament at the end of the year, disrupting could be studied: the budget authorisation process. [...] The election window should exclude the • Establish guidelines on the proportion of fourth quarter of the year, to avoid operating and development expenditure significant disruption to the fiscal cycle.
Pages
2
Published in
Malaysia

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