No extra funds for LCS project, cost must stay under RM11.22bil, says PAC
The Malaysian Public Accounts Committee has mandated that the littoral combat ship (LCS) project must remain within its RM11.22 billion budget with no additional government funding. Despite delays and technical audits, the committee is enforcing strict payment controls based on verified physical progress.
Why it matters
The project is a major defense procurement effort; ensuring fiscal discipline is essential to prevent public fund mismanagement in large-scale government contracts.
PAC chairman Mas Ermieyati Samsudin said the LCS project delay was mainly due to a technical audit by France’s Naval Group, which required work to be redone on nearly 4,000 items. (Bernama pic)
The article reports on parliamentary committee findings and government fiscal policy without taking a partisan stance.
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