IPOH (Bernama) – The 2015 Budget may be restructured to address the weakening of the ringgit and falling oil prices, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said.
He said the government had carried out a review of the budget and the announcement would be made by Prime Minister Datuk Seri Najib Tun Razak on Tuesday.
“Both of these factors have a positive impact rather than negative. Although we do not know what will happen to the world economy in future, we hope the uncertainty can be overcome,” he said after the launch of the Sungai Rokam Arch and the handing over a hearse to the Sungai Rokam Mosque here yesterday.
On Jan 13, Najib said that the 2015 Budget might be restructured due to several major developments such as falling oil prices and the recent floods, the worst in decades.
Ahmad Husni said the challenges should be seen in a positive light, not negative, in the quest to turn the country into a high-income economy by 2020.
“This is the crux of the matter for the government, the private sector, the public and NGOs (non-governmental organisations),” he said, adding that this called for a concerted effort from all parties and not only the government.
“Just as we have come together during the recent floods, the NGOs should continue to assist the government in the face of future challenges.
“Several NGOs had come to the rescue of clusters of people cut off due to floods by providing boats, among others,” he said.