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What if Sabah gets allocation late? | Daily Express Online - Sabah s Leading News Portal

The allocation of RM6.3 billion to Sabah under the 2023 Budget is only good on paper if Putrajaya distributes it too late, said Kuamut Assemblyman Datuk Masiung Banah.  While he welcomed the budget, he opined that if the Finance Ministry (MOF) distributes the allocation at the end of the year, it would not be spent fully.  “For example, last year Sabah only managed to spend 38 per cent of the RM5.1 billion allocated and a large part of the RM5 billion had to be brought forward

EPF: Additional withdrawals can cause members to retire below poverty line, says Tengku Zafrul | Malaysia

KOTA BARU, Jan 15 More Employees Provident Fund (EPF) members will retire below the Income Poverty Line (PGK) level if the government allows additional withdrawals of their savings, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. He said this was due to the continuous decline.

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