KPKT implements RM64.4 million savings to support government spending realignment, says minister Nga Kor Ming.
PUTRAJAYA: The Ministry of Housing and Local Government (KPKT) will implement savings measures totalling RM64.4 million to support the Ministry of Finance’s (MOF) efforts to restructure RM10 billion in government spending.
Housing and Local Government Minister Nga Kor Ming said KPKT is committed to providing full cooperation in the expenditure rationalisation exercise to ensure the people’s welfare remains protected and the nation’s fiscal position stays strong.
He said total subsidies channelled to the public are expected to exceed RM58 billion this year, a significant increase from the original budget estimate of RM15 billion prior to the global energy crisis.
As such, he said the realignment of expenditure is essential for the country’s economic sustainability.
“Under Budget 2026, KPKT was allocated RM2.07 billion for operating expenditure (OE). Nevertheless, the ministry is prepared to find ways to implement savings of RM64.4 million as proposed by the MOF,” he said in a statement here today.
Nga said the ongoing West Asian conflict has disrupted global oil supply chains, leading to a sharp rise in international crude oil prices, which directly impacts the cost of living.
“The welfare of the people remains the priority of the MADANI Government. Therefore, this step is vital so that the government has sufficient fiscal space to continue assisting the public, especially in facing global economic challenges and the increased cost of living,” he said.
Nga added that KPKT will continue to practice prudent spending to ensure every cent of public funds is utilised effectively.
He also assured that these measures would not affect projects under development expenditure (DE), ensuring that the development agenda continues smoothly and enhances the community’s quality of life.
“Measures to achieve these savings include the postponement of non-essential official events, meetings, conferences, seminars, and workshops, while essential programmes will be scaled down,” he said.
Additionally, trips abroad by the minister and administrative members will be restricted to mandatory scheduled meetings only.
