Malaysia legislation

Section 18

of PUBLIC FINANCE AND FISCAL RESPONSIBILITY ACT 2023

Section 18

Debt management policy

(2)

The Minister shall, in the event of total revenue exceeding total expenditure during the financial year, transfer any surplus between total revenue and total expenditure to the sinking fund created under section 12 of the Loan (Local) Act 1959 [Act 637]

to reduce the Government debt.

Responsibility of Minister in relation to borrowing and debt management

Section 18 — PUBLIC FINANCE AND FISCAL RESPONSIBILITY ACT 2023