World · Malaysia Bureau
Malaysia's 12th development plan exceeded budget by RM6.08 billion
The Audit Department has revealed that spending under the 12th Malaysia Plan (RMK-12) overran its final allocation, raising questions about project cost management and budget discipline.
LSN Malaysia ·
Development expenditure under the 12th Malaysia Plan surpassed its final budgeted amount by RM6.08 billion, according to findings released by the Audit Department. The disclosure highlights concerns over spending controls during the execution of the five-year development initiative. Officials did not immediately provide details on which sectors or projects contributed most significantly to the budget overrun. The excess spending represents a material variance from the planned allocation and underscores challenges in cost forecasting and project delivery across Malaysia's development agenda. The Audit Department's findings are expected to prompt scrutiny from lawmakers and oversight bodies regarding government financial management. Authorities have yet to outline measures to prevent similar budget overruns in future development plans.