Prime Minister Datuk Seri Najib Razak, in his opening speech at the 2014 Budget consultation sessions yesterday, also announced the tabling of the 2014 Budget in Parliament on Oct 25.
Najib, who is also finance minister, said he would head the committee comprising ministers and heads of department.
"This committee will be served by a fiscal policy office at the Treasury. This is to underline the seriousness in terms of managing our fiscal position and reducing fiscal deficit."
Najib added that the government was on track in reducing the fiscal deficit from 4.5 per cent of the gross domestic product (GDP) last year to four per cent this year.
"Our aim is to meet the medium-term fiscal target of around three per cent of GDP by 2015 without jeopardising the growth momentum of the domestic economy and ongoing fiscal support for transformation initiatives.
