Dipping into National Trust Fund shows lack of govt effort, says economist

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Experts say the National Trust Fund should not be used to finance procurement of Covid-19 vaccines. (Bernama pic)PETALING JAYA: Economists have criticised the government’s decision to dip into the National Trust Fund (KWAN) for Covid-19 vaccine expenses, saying the move not only raises concerns about the status of public finances but also the democratic process in the country.This comes after finance minister Tengku Zafrul Aziz said the government will only take RM5 billion from KWAN for Covid-19 vaccine procurement.He said this includes the RM3 billion for vaccine purchase first announced in his 2021 annual budget speech.Barjoyai Bardai of Universiti Tun Abdul Razak said it was convenient for the government to use the emergency powers to amend the National Trust Fund Act to tap into the resources.Barjoyai Bardai.“The question is whether this is not seen as a breach of fiducia…