Malaysia legislation
Section 13
Section 13
(2)
The formulation of public expenditure policy shall be based on the following objectives:
(a)
to instil fiscal discipline in public expenditure management;
(b)
to ensure the alignment of public expenditure with revenue generation over the medium term;
(c)
to ensure transparency in public expenditure; and
(d)
to improve efficiency in public expenditure.
(3)
In formulating public expenditure policy under this section, the Minister shall take into account the annual development expenditure as a percentage of gross domestic product as specified in the First Schedule.
Public expenditure policy