news

Tabung Harapan reaches RM202.72 mil, to be used to pay federal debt


KUALA LUMPUR (Feb 7): The government has collected a total of RM202.72 million from the Tabung Harapan Malaysia (THM) fund and will channel the amount towards the repayment of federal debt, the Finance Ministry said today.

In a statement, Finance Minister Lim Guan Eng said his ministry is currently in the process of closing the account which will then be audited by the Auditor General’s department, before official use.

The donation period for THM had previously been extended to Jan 14, following positive feedback from the public.

“Donations made after that period will not be credited into the account and returned to the contributor,” Lim said.

To ensure the management of the fund is done properly and with integrity, Lim said an Account Committee chaired by the Ministry’s Secretary General, Datuk Ahmad Badri Mohd Zahir, will decide on the use of the money in accordance with procedures set out by THM’s Trust Deed directive.

“The Federal Government records its highest appreciation to all Malaysians who have contributed to THM. Their contribution reflects their loyalty and compassion towards their beloved country. In addition, it encourages the government to work earnestly to solve the problem of debt that it inherited,” Lim said. — theedgemarkets.com

Click here for more property stories.

SHARE
RELATED POSTS
  1. RM205 million collected in THM used to pay 1MDB debts: Finance Ministry
  2. Guan Eng: Tabung Harapan funds to repay a portion of 1MDB's RM51b debt
  3. Tabung Harapan to cease collection in September