Spending Control Measure To Prepare For Economic Risks, Says Loke

Kuala lumpur: The government's move to implement cost-saving measures and control spending amid global economic uncertainty caused by the conflict in West Asia aims to ensure existing funds can be used for urgent and unforeseen needs. Transport Minister Anthony Loke said the government must be prepared in all aspects of planning to face the possible impact of the conflict on the country's economy.

According to BERNAMA News Agency, the decision was discussed during a Cabinet meeting, which concluded that controlling discretionary spending is necessary. One of the measures includes not holding festive events for Hari Raya Aidilfitri this year, allowing funds to be saved and allocated towards more pressing needs. Loke revealed this during the Transport Ministry's 2026 monthly assembly, Paduan Kasih MADANI, and Ihya Ramadan programme.

Loke emphasized that government spending on development and socioeconomic purposes, such as development projects and assistance to the public, will proceed as planned. He clarified that spending is not being cut but rather optimized and prioritized to benefit the people and their well-being. Although there will be no official Aidilfitri open house celebrations, Loke suggested that small gatherings be organized at the departmental level to maintain the festive spirit.

Additionally, Loke mentioned that the Ministry of Transport is closely monitoring the developments in the West Asia conflict, given its significance to global trade and energy routes. He noted the potential for disruptions in the delivery of imported goods due to the conflict's impact on the global economy and transport systems.

Earlier, Prime Minister Datuk Seri Anwar Ibrahim announced that all ministries, agencies, and government-linked companies (GLCs) will not host Aidilfitri open house events this year as part of the cost-saving measures. This decision, agreed upon by the Cabinet, aims to convey the government's commitment to a more prudent and moderate spending approach.