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Govt: Tabung Harapan Will Be Closed On 31 December

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Govt: Tabung Harapan Will Be Closed On 31 December

All good things must come to an end.

On 30 May, three weeks after the historic 14th General Elections, Malaysians from all walks of life came together to set up a fund to help the country settle its mounting debts.

Called Tabung Harapan, the fund has collected a whopping RM196,322,746.30 to date. 

The money came from donations submitted by individuals and organisations, as well as interest from fixed deposit investments managed by the National Audit Department.

But like the saying goes, 'all good things must come to an end'.

Tabung Harapan will be closed by the end of this year, the government announced on Tuesday.

So long, farewell.
Finance Minister Lim Guan Eng said in a statement cited by The Star Online that the account will be closed on 31 December.

Lim said that the decision to close the fund was made after a recent Cabinet meeting.

As such, Malaysians still have two months to donate to the fund, Lim said.

“We want to thank all those who have donated and support the financial management of the country’s funds that is free of corruption,” Lim said in the statement, adding that Tabung Harapan would remain as a symbol of loyalty and patriotism of Malaysians.

So, what's going to happen next?

According to Lim, an audit will be carried out by the National Audit Department to ensure that the management of the fund was done with integrity and according to the law.

Give yourself a pat on the back, patriotic Malaysians! You've helped save your country.

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