RM10b mini budget tabled for first reading (updated)


KUALA LUMPUR: Deputy Finance Minister Datuk Kong Cho Ha tabled on Thursday the Supplementary Supply Bill 2009 or the mini budget for its first reading in the Dewan Rakyat.

Kong said the Bill, which touched on the second economic stimulus package, will be tabled by Finance Minister Datuk Seri Najib Tun Razak next Tuesday (March 10).

Deputy Speaker Datuk Ronald Kiandee also asked the MPs not to reveal the details of the Bill until after Najib presents it in the House.

“Until the Bill is presented on Tuesday, I wish to inform you that it’s not appropriate to reveal the information contained in the Bill to other parties until it is presented to the House next Tuesday,” he said.

The mini budget, the second economic stimulus package mooted by the government after the RM7bil package announced last November, comprises RM5bil in development funds and RM5bil in operating funds.

Three days have been scheduled for the debate and winding up of the Bill.

The mini budget will encompass fiscal, monetary and other measures to boost the national economy.

Prime Minister Datuk Seri Abdullah Ahmad Badawi had earlier said that the mini budget was aimed at spurring national economic growth in the wake of turbulence in the global economy.

The mini budget will have to facilitate commerce and the preservation of jobs, he added.

He also said it would be a comprehensive one taking into account of feedback from the business community.

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