Malaysia legislation
Section 25
Section 25
Expenditure and preparation of estimate
(2)
Before the end of September of each year, the Agency shall submit to the Prime Minister an estimate of the expenditure, including—
(a)
projected budget and expenses for Operational Fund and
Innovation Fund;
(b)
proposed activities and projects to be carried out; and
(c)
the key performance indicators of the proposed activities and projects to be carried out, by reference to which the development, performance or position of the Agency can be measured effectively.
(3)
The Prime Minister shall, before the beginning of the following year, notify the Agency of the amount authorized for expenditure generally or of the amount authorized for each description of expenditure based on the estimates prepared under subsection (2).
(4)
The Agency may, at any time, submit to the Prime Minister a supplementary estimate of its expenditure for any one year and the
Prime Minister may allow the whole or any part of the additional expenditure included in the supplementary estimate.
(5)
The Prime Minister may direct the Agency to submit a copy of the estimate or supplementary estimate, as the case may be, to such other public authority as may be specified in the direction.
Agensi Inovasi Malaysia 25
Financial year