Kuala lumpur: The government's fiscal deficit calculation should not be questioned as it is reported in line with international standards recognised by global credit rating agencies and multilateral bodies, Finance Minister II Datuk Seri Amir Hamzah Azizan said. He asserted that the deficit reporting adheres to the Government Finance Statistics Manual, a framework also adopted by other countries.

According to BERNAMA News Agency, Amir Hamzah emphasized the credibility of the Federal Government's Financial Statements, noting that the Auditor-General has issued an opinion that these statements present a true and fair view. He also highlighted that the government's financial accounting system, based on a cash basis, aligns with internationally accepted standards. This system is utilized by both advanced economies and 11 developing countries, such as Singapore, India, Germany, the Netherlands, and Norway.

Earlier, Datuk Seri Rafizi Ramli (PH-Pandan) raised concerns regarding the validity of the fiscal reforms claimed by the MADANI government. In response, Amir Hamzah assured that fiscal reforms under the MADANI administration have been strengthened through the Public Finance and Fiscal Responsibility Act 2023. He stated that this legislation enhances fiscal transparency and establishes clear medium-term fiscal targets to ensure the sustainability of public finances, preserve macroeconomic stability, and safeguard public welfare.