Prime Minister Anwar Ibrahim says the government is in the process of drafting laws related to state-owned enterprises (SOEs) to strengthen corporate governance, improve accountability, and optimise performance.
In a written parliamentary reply, Anwar said these laws would ensure more structured financial administration and secure the country’s development potential.
“The government is also committed to implementing institutional reforms that support the national development agenda.
“This includes the Government Procurement Bill, which is aimed at improving governance and the government’s procurement process,” he said.
The Government Procurement Bill was passed in the Dewan Rakyat yesterday.
He was responding to a question from Muhyiddin Yassin (PN-Pagoh) on the government’s efforts to address debt and liabilities that had reached RM1.34 trillion, or 64% of the gross domestic product, as well as measures under the Fiscal Responsibility Act to stabilise the rising national debt.
Anwar said several control measures were being implemented to address the rising levels of debt and liabilities, including continuing fiscal consolidation efforts, broadening the country’s revenue base, optimising public spending, setting limits on financial guarantee exposure, and reviewing the implementation of off-budget projects.
He said strategic government initiatives such as the National Energy Transition Roadmap, the New Industrial Master Plan 2030, and the Government-Linked Companies Empowerment and Reform Programme are expected to stimulate economic activity, thereby strengthening government revenue while reducing reliance on borrowing.
