EAC Tasked To Find Ways To Increase Nations Revenue And Reduce OPEX

The Economic Advisory Committee to the Finance Minister who is also the Prime Minister, Datuk Seri Anwar Ibrahim, will among others, be advising on ways and means to increase the nation’s revenue base and reduce operating expenditure (opex).

In a statement today, its chairman Tan Sri Mohd Hassan Marican said the advisory committee will also advise the Finance Minister on matters related to subsidies, including reviewing and restructuring existing subsidies and the provision of more holistic social protection.

He said the committee will advise on matters related to government-linked companies (GLCs), including determining their relevance in the current context and consolidating them where appropriate, and matters related to the national debt and good governance.

“The advisory committee reports directly to the Finance Minister and shall meet as frequently as possible depending on requirements,” Mohd Hassan said.

Meanwhile, a secretariat to support the operations of the advisory committee has been formed and is located at the Petronas Twin Towers.

Mohd Hassan, in his capacity as chairman of the advisory committee, has invited Nurul Izzah Anwar to co-head the secretariat together with Khairil Anuar Ramli.

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