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The Minister of Finance is the minister in charge of government revenue and expenditure. The Minister oversees economic policy: fiscal policy is within the Minister's direct responsibility, while monetary policy is implemented by the politically independent Central Bank of Malaysia, the head of which is appointed by the Yang di-Pertuan Agong.
Every year, the MOF prepares the Singapore Budget and the Minister for Finance presents the Budget to the Parliament before the new financial year begins.
The Pekeliling Flats were built between 1964 and 1967 to accommodate the lower income group and squatter people in the city. They were seven blocks of the flats (Block A, Block B (both demolished in 2006), Block C, Block D, Block E, Block F, Block G) and four-storey shop houses located on Jalan Pekeliling (now Jalan Tun Razak) and Jalan Pahang, built at cost of RM20.5 million which was ...