FOR IMMEDIATE RELEASE
17 June 2015

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PRESS STATEMENT: Prosecute those responsible for Pembinaan PFI liabilities if found guilty

17 June 2015, Kuala Lumpur – IDEAS wishes to express concern over the revelation of the sheer extent of Pembinaan PFI Sdn Bhd liabilities.

‘As stated by the Public Accounts Committee today, concealing RM 27.9 billion in liabilities as “off-budget expenditures” distorts the real picture of the country’s financial situation,’ said Wan Saiful Wan Jan, CEO of IDEAS.

‘This is important because it means the government will be forced to commit to financial management of the debt in the years to come, and any budget adjustments will affect the poor and vulnerable most’.

But more importantly, he added, this deception represents a serious lack of transparency and good governance.

‘A hallmark of good governance is being held accountable for all uses of public funds,’ Wan Saiful said. ‘Concealing the RM28 billion in debt from the annual budget audit is a breach of public trust, and indicates that they wished to avoid being held publicly accountable for it.’

‘The government must come clean not only about the ways this debt was accrued, but also in how they plan on dealing with it. The people responsible for this mismanagement of funds must be brought to justice and prosecuted accordingly if found guilty.’

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About IDEAS
IDEAS is Malaysia’s first think-tank dedicated to promoting market-based solutions to public policy challenges. We are an independent not-for-profit organisation. As a cross-partisan think tank, we work across the political spectrum. Our purpose is to advance market-based principles, and we are not bound by party politics, race or religion.

Our mission is to improve the level of understanding and acceptance of public policies based on the principles of rule of law, limited government, free markets and free individuals. For more information, please visithttp://ideas.org.my/
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Media enquiries:
IDEAS (+60-3) 6201 8896/ 8897
Shaza Onn, shaza@ideas.org.my

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Re-published in The Malay Mail Online.

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