While at Hua Hin for the ASEAN Summit, just hours after the 2010 budget presentation in Parliament, I decided to call for a meeting to discuss the budget implementation. This decision is unprecedented: usually the budget implementation is left up to the Ministry of Finance to execute and monitor. However, I believe that as the Prime Minister of all Malaysians, it is vital that I personally supervise the effectuation of the first budget under my administration.
The main objective of the meeting was to study the implementation strategy for the 2010 National Budget and to troubleshoot problem areas at the start. Present at the meeting last Friday were all cabinet ministers and representatives of the relevant agencies, including the Securities Commission, the Governor of Bank Negara, as well as representatives from development corridors and regions, Telekom, Petronas and other major GLCs. It was an arduous task to personally study each initiative, project by project, line by line, but I wanted to ensure all accountable parties are clear on the objectives and goals of each initiative, hence ensuring proper implementation.
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