ASEAN KEY DESTINATIONS
Malaysia moves to Outcome Based Budgeting
The first five ministries are finance, works and human resources, while the other two would be identified later, he told reporters after opening a seminar on OBB Friday.
Ahmad Husni, however, said the Finance Ministry had started implementing the OBB much earlier.
"The purpose of OBB is to ensure that we will achieve the concept of value for money for our budget expenditure management. This has been the principle the government will have to adopt," he said.
Ahmad Husni said value for money basically means "efficient, effective and economic."
Ahmad Husni said countries like Canada, New Zealand and Singapore have successfully implemented the OBB.
The idea to implement the OBB was mooted by Prime Minister Datuk Seri Najib Tun Razak in the 2010 Budget.
Najib had said it was part of Malaysia's effort to streamline the federal appropriation structure and improve service delivery in the public sector.
Earlier, in his speech, Ahmad Husni said the OBB was a critical instrument in a game-changing strategy to transform the nation in facing challenges ahead..
Comment on this Article. Send them to email@example.com
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below