Mendaki runs budget deficit for first time, will be "more aggressive" with spending
Published on Jun 21, 2014 3:21 PM
SINGAPORE - Malay-Muslim self-help group Mendaki ran a budget deficit for the first time in its latest financial year.
The $1.8 million deficit was the result of increased spending on its aid schemes, especially on education.
"The policy adopted by the board is to be more aggressive in our education-related activities," said Mendaki chairman and Minister-in-charge of Muslim Affairs Yaacob Ibrahim. "Our members have acknowledged this is the right way to go, and will continue to do so."
As a result, more Malay students have been given support in a few areas: tuition, tertiary fee subsidies, and loans.
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