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Mendaki runs budget deficit for first time, will be "more aggressive" with spending

Published on Jun 21, 2014 3:21 PM
 
Minister-in-charge of Muslim Affairs Yaacob Ibrahim at the official opening of Mendaki@Heartlands in Pasir Ris on March 23, 2013. Malay-Muslim self-help group Mendaki ran a budget deficit for the first time in its latest financial year. -- PHOTO: BERITA HARIAN FILE

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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