How will KWAN contributions be disclosed in the Dewan Rakyat?

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KWAN Contributions Will Be Disclosed in Annual Financial Statements Tabled in the Dewan Rakyat

Contributions to the National Trust Fund (KWAN), along with accumulated investment returns, are projected to double the fund’s net assets within approximately 10 years. These inflows are mandated by law, ensuring a consistent and transparent funding mechanism for KWAN.
Mandatory Disclosure of Contributions

The specific amounts of contributions made to the National Trust Fund (KWAN) are required to be publicly disclosed within the annual financial statement. This statement is subsequently tabled in the Dewan Rakyat, providing parliamentary oversight on the fund's financial activities.
Legal Mandate for Contributions

These contributions are legally mandated, rather than being subject to policy discretion. The law stipulates that these amounts must be transferred into the fund before the end of each relevant financial year. Any reduction in the contribution rate would necessitate an amendment to the governing Act.
Diversified and Statutory Contribution Sources

The Bill introduces three statutory flows of contributions, making them mandatory for the first time. These include a minimum of 0.1 per cent of projected annual government revenue, estimated at approximately RM343 million based on Budget 2026 projections, and a minimum of two per cent of Petronas dividends received by the government, amounting to around RM400 million. Additionally, at least two per cent of export duties on depleting natural resources, after deducting any state government assignments, will be contributed.
Transparency and Accountability Measures

The Minister responsible for finance is empowered by Clause 33 of the Act to enact regulations aimed at enhancing the governance and management of KWAN. These regulations will cover aspects such as the utilisation and withdrawal of funds, as well as the duties and powers of the fund's board. All such regulations will be gazetted to ensure a high level of transparency and accountability in the fund's operations.

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How will KWAN contributions be disclosed in the Dewan Rakyat?

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