KUALA LUMPUR: The Finance Ministry has tabled the Supplementary Supply (2017) Bill 2018, requesting over RM7bil to cover expenses.

The Supplementary Supply Bill, tabled by Second Finance Minister Datuk Seri Johari Abdul Ghani, requested a total of RM7,122,833,728 from the Consolidated Fund for additional expenditure on services and expenses.

This is on top of the country's 2017 budget of RM 260.8bil tabled by Prime Minister Datuk Seri Najib Tun Razak, who is also the Finance Minister.

According to the Bill, the Government is seeking the additional budget for various ministries.

It also includes contributions to Statutory Funds and the Public Services Department.

Among the largest sum sought is for the Contribution to Statutory Funds amounting to RM2,710,809,316.

Also seeking additional funds are the Education Ministry (RM891.1mil), Home Ministry (RM804.2mil), Agriculture and Agro-based Industry Ministrylicense, limited to the extent of the licensee's proprietary rights in the license vis a vis private third parties.   The right of the licensee crucial to this decision (and the only right recognized by the Court in this case) is the right of the creditor to claim proceeds received by the debtor licensee from a private buyer in exchange for the transfer of the license to that buyer.   The right to receive such proceeds is a private right of the licensee that constitutes a proprietary interest in which a creditor may perfect a security interest.


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Id. at 379.   The court emphasized that its holding was narrow and did not confer a broad right to assert blanket security interests in broadcasting licenses or to