Austerity drive: Govt to defer, cancel new projects

The government is taking measures to save public expenditure by postponing or discontinuing projects that have yet to commence, to channel money for the welfare of the people instead, apart from efforts toward the country's economic recovery.

Minister in the Prime Minister's Department (Economy) Mustapa Mohamed said that the move was in response to a directive issued via the Malaysia Treasury Circular - Guidelines on Public Expenditure Savings.