The Cabinet has agreed on 29th October 2018 that they will cease collections for Tabung Harapan on 31st December 2018.
Finance Minister Lim Guan Eng had revealed that about RM 196.3 million have been collected from various individuals, organisations and bodies. The amount also includes interest from the fixed deposit investments administered by the National Audit Department.
“An external auditing firm has also been appointed to audit the Tabung Harapan account, in line with Section 7 of the Audit Act 1957, to ensure it has been managed with integrity and in order,” he said in a statement.
“Although the amount donated by the rakyat cannot compare to the RM1 trillion debt inherited by the Pakatan Harapan government from scandals including 1MDB and Tabung Haji, the fund remains a symbol of their loyalty and patriotism to resolve the national debt.
“Since its inception, all layers of society have contributed through various means, realising the rakyat’s solidarity with the government in ensuring the country’s fiscal standing improves,” he said.
As the government wants to ensure that contributions to the funds are ‘clean’, it was reported by Lim that they had rejected a RM100 million donation from an unnamed company. Prime Minister Tun Dr Mahathir Mohamad was reported to have disclosed today (30th October 2018) on why Putrajaya decided to reject the company’s offer.
“We were offered a RM100million donation to the fund and we felt this company actually has some problems and that they are trying to influence the government.
“So, we rejected,” he said adding that the unnamed firm was also one with a spotty track record, which Dr Mahathir said fuelled suspicions further.