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Tengku Zafrul justifies govt need to tap National Trust Fund for Covid-19 vaccine purchase amid heavy criticism | Malaysia


Monday, 26 Apr 2021 04:12 PM MYT
BY KENNETH TEE
Datuk Seri Tengku Zafrul Abdul Aziz delivers his speech during a special press conference at the Finance Ministry, Putrajaya April 26, 2021. Picture by Shafwan Zaidon
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PUTRAJAYA, April 26 Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz today justified the recent decision by Putrajaya to utilise the National Trust Fund (KWAN) for the procurement of Covid-19 vaccines and other related expenditure.
Speaking to a special media briefing, Tengku Zafrul responded to mounting criticism over the government’s move and hit back at critics as to why they were tapping into reserve funds meant for the benefit of future generations. ....

Shafwan Zaidon , Tengku Zafrul , Bantuan Prihatin Rakyat , Tengku Zafrul Abdul Aziz , National Trust Fund , Emergency National Trust Fund Amendment Ordinance , Vaccine Administration Programme , National Covid , Malaysia Development Berhad , Immunisation Programme , Datuk Seri Tengku Zafrul Abdul Aziz , Finance Ministry , Putrajaya April , Development Berhad , Paya Indah Wetland , First Quarter , National Trust Fund Act , Infectious Diseases Act , Covid 19 , Covid 19 Vaccine , Engku Zafrul Abdul Aziz T , National Trust Fund Kwan , தேசிய நம்பிக்கை நிதி , நோய்த்தடுப்பு ப்ரோக்ராம் , நிதி அமைச்சகம் , முதல் காலாண்டு ,

Kwan – It's not about the use, but the authorisation for the use of it


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One must not lose sight that Kwan – Kumpulan Wang Amanah Negara – is a public trust fund. This means that it is established for public purposes by the government by way of legislation which creates the trust, sets out its legal terms, and assigns rights and duties to different persons or no parties. 
Section 6 of the National Trust Fund Act (Act 339) sets out the purposes for which moneys standing to the credit of the fund can be applied or used before the recent amendment vide the Emergency (National Trust Fund) (Amendment) Ordinance 2021), the purposes were:
(a) any of the purposes of the Development Fund as specified in the First Schedule to the Development Funds Act 1966 [Act 406]; and ....

Ali Imran , Kumpulan Wang Amanah Negara , It Is Parliament , Development Funds , Emergency National Trust Fund Amendment Ordinance , Development Fund , National Trust Fund Act , Edmund Loh , National Trust Fund , First Schedule , Development Funds Act , Federal Government , Infectious Diseases Act , அலி இம்ரான் , அது இருக்கிறது பாராளுமன்றம் , வளர்ச்சி நிதி , தேசிய நம்பிக்கை நிதி நாடகம் , எட்மண்ட் லோ , தேசிய நம்பிக்கை நிதி , முதல் அட்டவணை , கூட்டாட்சியின் அரசு , தொற்று நோய்கள் நாடகம் ,