Ministry of Finance (Malaysia)

The Ministry of Finance (Malay: Kementerian Kewangan), abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility of assisting the government across a wide range of policy areas to ensure its outcomes are met, particularly with regard to expenditure, financial management, and the operations of government..

It is headed by the Minister of Finance. Its headquarters is in Ministry of Finance Complex, Putrajaya.

The Finance Minister, as with other ministers in the Cabinet of Malaysia, is appointed by the Yang di-Pertuan Agong upon the advice of the Prime Minister.^[1] Traditionally, the Finance Minister will be a person other than the Prime Minister, however the Finance portfolio was taken up by Mahathir Mohamad during his tenure as the fourth Prime Minister (1998-1999 and 2001-2003). Subsequent prime ministers, namely Abdullah Ahmad Badawi and Najib Razak, have followed this trend of taking up the Finance Minister portfolio.

Portfolio responsibilities

1. Federal Treasury, or Perbendaharaan Malaysia.
2. Royal Malaysian Customs Department (RMCD), or Jabatan Kastam Diraja Malaysia. (Official site)
3. Accountant General’s Department of Malaysia, or Jabatan Akauntan Negara Malaysia (JANM). (Official site)
4. Valuation and Property Services Department, or Jabatan Penilaian dan Perkhidmatan Harta (JPPH). (Official site)
5. National Savings Bank, or Bank Simpanan Nasional (BSN). (Official site)
6. Inland Revenue Board of Malaysia, or Lembaga Hasil Dalam Negeri (LHDN). (Official site)
7. Bursa Malaysia Berhad. (Official site)
8. Langkawi Development Authority (LADA), or Lembaga Pembangunan Langkawi. (Official site)
9. Khazanah Nasional Berhad. (Official site)
10. Tun Razak Foundation, or Yayasan Tun Razak. (Official site)
11. Central Bank of Malaysia, or Bank Negara Malaysia (BNM). (Official site)
12. Labuan International Business and Financial Centre, Malaysia, or Pusat Perniagaan dan Kewangan Antarabangsa. (Official site)
13. Securities Commission Malaysia (SC), or Suruhanjaya Sekuriti Malaysia. (Official site)
14. Malaysian Totalisator Board, or Lembaga Totalisator Malaysia.
15. Employees Provident Fund (EPF), or Kumpulan Wang Simpanan Pekerja (KWSP). (Official site)
16. Retirement Fund (Incorporated), or Kumpulan Wang Persaraan (Diperbadankan) (KWAP). (Official site)
17. Sabah Federal Treasury, or Perbendaharaan Malaysia Sabah. (Official site)
18. Sarawak Federal Treasury, or Perbendaharaan Malaysia Sarawak. (Official site)
19. Malaysian Government Procurement, or ePerolehan Kerajaan Malaysia. (Official site)
20. National Accounting Institute, or Institut Perakaunan Negara (IPN). (Official site)

Client's Charter

1. To prepare Annual Estimated Expenditure to be tabled in the Parliament by the specified date.
2. To prepare Handbook of Federal Government Revenue Budget to be tabled in the Parliament on Budget Day.
3. To prepare Annual Economic Report to be tabled with the Budget Speech in the Parliament and Quarterly periodic Economic Report.
4. To ensure the performance achievement of Operational and Liabilities and Development Expenditure in average will exceed 85% of the approved annual allocation under Treasury’s control.
5. To ensure the registration of the common areas supply and service contractor for new application and areas-add be approved within seven (7) working days whilst application for profile update within three (3) working days.
6. To approve a complete first housing loan application of the government servant within three (3) working days and to issue the progress payment within twenty-one (21) working days from the date of the claim approved.
7. To manage the disbursement of Federal Government to the State Governments, companies, half statutory bodies and other agencies within fourteen (14) days from the date of receipt.
8. To issue the establishment warrant within the specified period from the date of receipt of a complete PSD certificate as followed :
   1. Establishment warrant which involves 50 or less items changed is issued within five (5) working days; and
   2. Establishment warrant which involves more than 50 items changed is issued within ten (10) working days.
9. To ensure all public complaints be given initial feedback within 1 working day from the date of receipt.

List of Federal Minister of Finance

The following is a list of former and current Federal Minister of Finance.^[2]

Political Party:       Alliance       BN

№	Federal Minister of Finance			Term of Office		Prime Minister (Cabinet)
	Portrait	Name (Birth–Death) Constituency	Political Party	Took Office	Left Office
1		Henry Lee Hau Shik (1900–1988)	Alliance (MCA)	1957	1959	Tunku Abdul Rahman (I)
2		Tan Siew Sin (1916–1988) MP for Malacca Tengah	Alliance (MCA)	1959	1969	Tunku Abdul Rahman (II • III)
3		Abdul Razak Hussein (1922–1976) MP for Pekan	Alliance (UMNO)	1969	1970	Tunku Abdul Rahman (IV)
(2)		Tan Siew Sin (1916–1988) MP for Malacca Tengah	Alliance (MCA)	1970	1974	Abdul Razak Hussein (I)
4		Hussein Onn (1922–1990) MP for Sri Gading	BN (UMNO)	1974	1976	Abdul Razak Hussein (II)
5		Tengku Razaleigh Hamzah (b. 1937) MP for Ulu Kelantan	BN (UMNO)	1976	1984	Hussein Onn (I • II) Mahathir Mohamad (I • II)
6		Daim Zainuddin (b. 1938) MP for Kuala Muda MP for Merbok	BN (UMNO)	1985	1991	Mahathir Mohamad (II • III • IV)
7		Anwar Ibrahim (b. 1947) MP for Permatang Pauh	BN (UMNO)	1991	1998	Mahathir Mohamad (IV • V)
8		Mahathir Mohamad (b. 1925) MP for Kubang Pasu	BN (UMNO)	1998	1999	Mahathir Mohamad (V)
9		Mustapa Mohamed (b. 1950) MP for Jeli	BN (UMNO)	1998	1999	Mahathir Mohamad (V)
(6)		Daim Zainuddin (b. 1938) MP for Merbok	BN (UMNO)	1999	2001	Mahathir Mohamad (V • VI)
(8)		Mahathir Mohamad (b. 1925) MP for Kubang Pasu	BN (UMNO)	2001	2003	Mahathir Mohamad (VI)
10		Jamaluddin Jarjis (1951–2015) MP for Rompin	BN (UMNO)	2002	2004	Mahathir Mohamad (VI) Abdullah Ahmad Badawi (I)
11		Abdullah Ahmad Badawi (b. 1939) MP for Kepala Batas	BN (UMNO)	2003	2008	Abdullah Ahmad Badawi (I • II • III)
12		Nor Mohamed Yakcop (b. 1947) Senator MP for Tasek Gelugor	BN (UMNO)	2004	2009	Abdullah Ahmad Badawi (II • III)
13		Najib Razak (b. 1953) MP for Pekan	BN (UMNO)	2008	Incumbent	Abdullah Ahmad Badawi (III) Najib Razak (I • II)
14		Ahmad Husni Hanadzlah (b. 1952) MP for Tambun	BN (UMNO)	2009	Incumbent	Najib Razak (I • II)

References

External links

• Ministry of Finance

Federal Government of Malaysia Malaysian Federal Cabinet Executive branch Prime Minister Deputy Prime Minister Federal Ministries Prime Minister's Department Finance Home Affairs Transport Health Tourism and Culture Defence International Trade and Industry Energy, Green Technology and Water Plantation Industries and Commodities Agriculture and Agro-based Industry Rural and Regional Development Foreign Affairs Science, Technology and Innovation Women, Family and Community Development Works Human Resources Federal Territories Higher Education Youth and Sports Urban Wellbeing, Housing and Local Government Domestic Trade, Co-operatives and Consumerism Natural Resources and Environment Education Communications and Multimedia Commissions Energy Commission Public Service Commission Securities Commission Election Commission Land Public Transport Commission Companies Commission Departments Immigration Skill Development Wildlife and National Parks Orang Asli Affairs Public Works Road Transport Fire and Rescue Civil Defence Film Prison Other agencies Federal Agricultural and Marketing Authority (FAMA) Malaysian Agricultural Research and Development Institute Urban Development Authority of Malaysia Highway Authority National Space Agency Malaysian Palm Oil Board Halal Industry Development Corporation (HDC) Federal Land Development Authority Bernama RELA Corps Malaysian Maritime Enforcement Agency National Institute of Public Administration (INTAN) Industrial Development Authority Law enforcement Royal Malaysian Customs Royal Malaysia Police Tourist Police Anti-Corruption Commission National Security Council Central bank Bank Negara Malaysia Government of Malaysia Ministries and departments