PARLIAMENT | The exposure of the government debts and liabilities totalling RM1.0873 trillion is a reminder to the Pakatan Harapan government to exercise greater prudence in managing its finances and adopt the appropriate measures in administrating the country, the Dewan Negara was told today.

Deputy Finance Minister Amiruddin Hamzah said it was not meant to tarnish the image of the previous government.

“We have no intention to tarnish the image of any quarters, including the previous government. Our purpose is to remind the government of our debts and liabilities so that we can administer the country more prudently to secure value for money for every project that we implement for the benefit of the people,” he said when replying to an oral question from Senator Yahaya Mat Ghani.

Amiruddin said the government's move to take into account all debts and obligations of the government was more prudent and realistic, especially in terms of the management of the nation’s finances.

“This is to ensure that any decision taken by the government is comprehensive and does not burden the government financial position based on more accurate and comprehensive information,” he said.

He also said that investor confidence in the medium and long term would be stronger with the more competent, accountable and transparent government move.

- Bernama