Page 127 - SP2025

Strategic Plan 2025 - 2030 | MEITD

4. Strengthened financial sustainability
to support MEITD ’s long-term
strategic goals.

3. Reduction in unutilized or misallocated
1. Percentage of budget utilization against
allocated funds. funds year-on-year.
4. Frequency and quality of financial
2. Number of initiatives completed within
reporting and audits conducted.
allocated budgets.
5. Stakeholder satisfaction with the financial
management of MEITD programs.

Budget Optimization Framework Regular Financial Performance
Reviews
Develop a framework to evaluate and
prioritize budget allocations based on Conduct quarterly reviews to assess the
impact, strategic importance, and cost- progress of budget utilization and
efficiency. reallocate funds where necessary.
Integrated Financial Management Stakeholder Reporting Mechanisms
System (IFMS)
Publish financial reports and updates to
Implement a digital platform to track, keep stakeholders informed about budget
monitor, and manage budget utilization in utilization and program expenditures.
real time.
Value-for-Money Audits
Training on Financial Management
Conduct periodic audits to assess the
Practices
efficiency and effectiveness of budget
Provide training programs for MEITD staff utilization across
to enhance their knowledge of budget
planning, monitoring, and reporting.

programs and initiatives.

Enhancing budget utilization is crucial for MEITD to achieve its strategic objectives efficiently and
sustainably. By ensuring that financial resources are allocated and managed effectively, MEITD
strengthens its ability to deliver impactful programs, align with regulatory requirements, and build
stakeholder trust. This focus on financial excellence supports the ministry ’s broader mission to drive
Sarawak ’s socio-economic transformation and sustainable development.

©2025 Ministry Of Education, Innovation And Talent Development Sarawak 111