Malaysia legislation
Article 99
Article 99
Annual financial statement
(1)
The Yang di-Pertuan Agong shall, in respect of every financial year, cause to be laid before the House of Representatives a statement of the estimated receipts and expenditure of the
Federation for that year, and, unless Parliament in respect of any year otherwise provides, that statement shall be so laid before the commencement of that year:
Provided that there may be separate statements of estimated receipts and estimated expenditure, and in that case it shall not be necessary for the statement of receipts to be so laid before the commencement of the year to which it relates.
(2)
The estimates of expenditure shall show—
(a)
the total sums required to meet expenditure charged on the Consolidated Fund; and
(b)
subject to Clause (3), the sums required to meet the expenditure for other purposes proposed to be met from the Consolidated Fund.
(3)
The sums to be shown under paragraph (b) of Clause (2)
do not include—
(a)
sums representing the proceeds of any loan raised by the
Federation for specific purposes and appropriated for those purposes by the Act authorizing the raising of the loan;
(b)
sums representing any money or interest on money received by the Federation subject to a trust and to be applied in accordance with the terms of the trust;
(c)
sums representing any money held by the Federation which has been received or appropriated for the purpose of any trust fund established by or in accordance with federal law.
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[Article 98]
Federal Constitution
Art. 99
See Art. 102(b).
Clause (1): Proviso added by Act 14/1962, subsection 18(1), in force from 21-06-1962.
Clause (2)
a. The original Clause read as follows:
“(2) The estimates of expenditure shall show separately—
(a)
the total sums required to meet expenditure charged on the Consolidated Fund;
and
(b)
subject to Clause (3), the sums respectively required to meet the heads of other expenditure proposed to be met from the Consolidated Fund.”.
b. The word “separately” appearing after the words “shall show” were deleted and paragraph (b) was substituted by Act A354, section 18, in force from 27-08-1976.
Clause (3)
a. Paragraph (c) was added by Act 14/1962, subsection 18(2), in force from 21-06-1962.
b. See Art. 100 & 104(2).
Federal Constitution
(4)
The said statement shall also show, so far as is practicable, the assets and liabilities of the Federation at the end of the last completed financial year, the manner in which those assets are invested or held, and the general purposes in respect of which those liabilities are outstanding.