Affin Hwang Capital expects the government to cut operating expenditure by RM4.4 billion to RM210.8 billion under its Budget 2016 recalibration from RM215.2 billion budgeted earlier.
The recalibration of Budget 2016 must be positive, market-friendly and meet the people's expectations, said Minister in the Prime Minister's Department, Datuk Seri Abdul Wahid Omar.
The recalibration of Budget 2016 to reflect the current economic climate will see "a minor cut" in the operating expenditure and shelving of non-priority development projects, said Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah.
What social justice to talk about if even our people cannot be adequately fed?
Najib says adjustments to Budget 2016 will be tabled soon, taking into account the current economic scenario to reflect the realistic situation of a challenging new year.
The government will not revise the newly-tabled Budget 2016 despite Petroliam Nasional Bhd (Petronas) reducing its dividend payout.
Until and unless our leaders come to realize a need to change, we are not going to see any major shift in the country's economic direction. 2016 will still be another tough year for many.
The cabinet today instructs the education ministry to release the pledged RM50 million allocation to Chinese primary schools as soon as possible.
Malaysia is able to meet its fiscal deficit target of 3.1 per cent by end-2016 as the country has strong economic fundamentals, said Deputy Finance Minister Datuk Johari Abdul Ghani.
The disappearance of pubic funds is a very serious problem that is poised to tarnish the government's reputation and image if no investigation is initiated or explanation offered.