{"id":6936,"date":"2020-11-23T15:50:13","date_gmt":"2020-11-23T07:50:13","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=6936"},"modified":"2020-11-23T15:50:18","modified_gmt":"2020-11-23T07:50:18","slug":"only-20-pct-of-budget-can-be-spent-if-budget-2021-not-approved","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=6936","title":{"rendered":"Only 20 pct of budget can be spent if Budget 2021 not approved"},"content":{"rendered":"\n

KUALA LUMPUR, Nov 23 —\u00a0Only 20 percent of the overall budget, namely\u00a0\u201ccharged expenditure\u201d\u00a0which is essentially pensions and debt servicing,\u00a0can be spent if\u00a0Budget 2021 is not approved, Maybank Investment Bank Bhd\u00a0(Maybank IB) said.<\/p>\n\n\n\n

The investment bank said according to a dialogue with Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz last Friday, the remaining 80 per cent, including operations of public services like healthcare, education, law and order, must be approved by the Parliament.<\/p>\n\n\n\n

\u201cIf Budget 2021 is not passed by the Parliament, a revised or new Budget 2021 needs to be tabled and approved before the end of this year to avoid a delay into next year,\u201d it said, quoting Tengku Zafrul in a research note today.<\/p>\n\n\n\n

It said according to the minister, the use of Section 102(a) of the Federal Constitution to pass a partial budget is allowed when there is insufficient time to approve a budget before the start of the new financial year.<\/p>\n\n\n\n

\u201cThis happened in 1999 when Parliament was dissolved as general election was called after the tabling of Budget 2000, and there was a special Parliament session before the end of 1999 after the general election to approve a partial budget for year 2000.\u00a0<\/p>\n\n\n\n

\"2021\"<\/figure><\/div>\n\n\n\n

\u201cHowever, there is no precedent to approve a partial budget after the rejection of a budget,\u201d added Maybank IB.<\/p>\n\n\n\n

The Parliament will vote on Budget 2021 on Thursday (Nov 26).<\/p>\n\n\n\n

—BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, Nov 23 —\u00a0Only 20 percent of the overall budget, namely\u00a0\u201ccharged expenditure\u201d\u00a0which is essentially…<\/p>\n","protected":false},"author":1,"featured_media":6720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[524],"tags":[],"class_list":["post-6936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/11\/a0357e4d22b76111cd0d9be13c59e7435fa4497e50dd0.jpg",1047,592,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/11\/a0357e4d22b76111cd0d9be13c59e7435fa4497e50dd0-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/11\/a0357e4d22b76111cd0d9be13c59e7435fa4497e50dd0-300x170.jpg",300,170,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/11\/a0357e4d22b76111cd0d9be13c59e7435fa4497e50dd0-768x434.jpg",640,362,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/11\/a0357e4d22b76111cd0d9be13c59e7435fa4497e50dd0-1024x579.jpg",640,362,true],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/11\/a0357e4d22b76111cd0d9be13c59e7435fa4497e50dd0.jpg",1047,592,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/11\/a0357e4d22b76111cd0d9be13c59e7435fa4497e50dd0.jpg",1047,592,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/11\/a0357e4d22b76111cd0d9be13c59e7435fa4497e50dd0.jpg",1047,592,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/11\/a0357e4d22b76111cd0d9be13c59e7435fa4497e50dd0.jpg",1024,579,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/11\/a0357e4d22b76111cd0d9be13c59e7435fa4497e50dd0.jpg",720,407,false]},"author_info":{"info":["Editor"]},"category_info":"Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/6936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6936"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/6936\/revisions"}],"predecessor-version":[{"id":6937,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/6936\/revisions\/6937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/6720"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}