Azmin: Govt needs to ‘recalibrate’ finances before paying oil royalty


Should be up measurement engineers’ alley.

Dateline 2018-11-01, Malay Mail:

Economic Affairs Minister Datuk Seri Azmin Ali today said that the government needs to recalibrate its finances first before it can pay the balance of the oil royalty payment owed to the Terengganu due to the nation’s current fiscal position.

During his winding up speech on the Midterm Review of the 11th Malaysian Plan (RMK11), Azmin said the federal government is not delaying the payment but had no choice and had to “recallibrate its finances”.

“I give my commitment that the new government under the leadership of His Most Honourable Langkawi will ensure we keep our promises,” Azmin replied to Kuala Nerus MP (PAS) Datuk Mohd Khairuddin Aman Razali who wanted to know when the state will receive its Petronas oil royalty.

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