Malaysia announces new measures to cut public spending
KUALA LUMPUR (REUTERS) - Malaysian Prime Minister Najib Razak has announced new measures to curb public spending, including a 10 percent cut in the entertainment allowance for ministers.
The 11 measures, which also freeze applications to renovate government offices, will start on Jan 1, 2014, state news agency Bernama reported late on Monday, citing a statement by Mr Najib.
The Southeast Asia nation is under pressure to rein in spending and boost tax collection to tackle its high budget deficit and fast-growing debt pile.
Earlier this month, Mr Najib announced a 15 percent increase in a power tariff starting in 2014.