Understanding fiscal responsibility

Business & FinancePersonal Finance
7 Aug 2025 • 8:48 AM MYT
Daily Express
Daily Express

Daily Express Online (Malaysia) is Sabah's top-ranked & most viewed English news site. It is also Sabah's leading & most circulated daily English newspaper.

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By: David Thien

Kota Kinabalu: Sabahans may not be aware what Bank Negara Malaysia Assistant Governor Tuan Fraziali Ismail described at a recent Rotary Club of Kota Kinabalu dinner event, as the “Fiscal Responsibility Act”.

It is actually known as the Public Finance and Fiscal Responsibility Bill focussing on the Government’s policies and strategies to ensure responsibility and transparency in the country’s fiscal and economic policies for the people’s wellbeing.

“The Government needs money. The Government doesn’t have much money.

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