PKR youth chief warns overspending could undermine country's finances
KUALA LUMPUR: PKR Youth chief Muhammad Kamil Abdul Munim has warned that spending beyond approved allocations is inappropriate and could undermine the country's financial position.
KUALA LUMPUR: PKR Youth chief Muhammad Kamil Abdul Munim has cautioned against overspending that could jeopardize the nation's finances. He questioned how money could ever suffice when expenditures surpass the allocated funds, warning that living beyond one's means is a path to ruin. Kamil, who serves as political secretary to the finance minister, made his remarks in a Facebook post yesterday in response to comments from Treasury secretary-general Tan Sri Johan Mahmood Merican.
Johan revealed that the Rural and Regional Development Ministry had consistently exceeded its approved allocations for rural road projects over the past few years. In 2023, the ministry spent RM1.8 billion against a budget of RM1.1 billion. The overspending continued into 2024, with expenditures reaching RM2 billion against an allocation of RM1.3 billion.
The pattern persisted in 2025, with actual spending hitting RM2.3 billion against an approved allocation of RM1.6 billion. Looking ahead to 2026, the approved allocation stands at RM2.1 billion, yet actual spending has already reached RM1.9 billion as of June.
Johan stated that the Finance Ministry is collaborating with the ministry to tackle the issue, including adjusting the ministry's allocations.
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