P80_Fiscal_Responsibility_V

20.500.12592/581isuu

P80_Fiscal_Responsibility_V

7 Aug 2024

the outgoing government to approve • Require the government to report the the expenditure for interim budgets in utilisation of the vote when tabling the election years. [...] When the political transition occurs at the end of the year and disrupts the authorisation of the budget, the vote on account provides a way for the government or caretaker government to obtain authorisation for expenditure prior to the passing of the budget. [...] The date of the second reading of the supply bill is taken as the date of tabling 6 Fiscal Responsibility During Political Transitions: the use of the Vote on Account in Malaysia Policy Paper NO. [...] Ambedkar also implied that the provision institutionalises a necessary agreement between the Government and the Leader of the Opposition that the government may spend in the first months of the fiscal year prior to the passing of the budget: “Unless, therefore, you have a provision for a vote on account i.e., lump sum grant given to executive to cover an expenditure for about two or three months,. [...] In making payment of any grant to a State in accordance with the provisions of this Part, the Federation may deduct the amount of any debt charges payable to the Federation by the State and charged on the Consolidated Fund of that State.
Pages
42
Published in
Malaysia

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