Full Budget 2017 Malaysia
Budget stands at 260 8 billion ringgit 62 3 billion a rise of 3 4 pct from 2016 2017 revenue collection to expand around 3 pct to 219 7 bln rgt budget deficit expected at 40 3 bln rgt or.
Full budget 2017 malaysia. In presenting this year s budget malaysia is mindful of an increasingly hostile global environment that compels us to prioritise sustainable economic growth as much as urgent fiscal consolidation and discipline. This page is also available in. Taken in its entirety budget 2017 contains a host of balanced measures to support malaysia s goal to achieve advanced and high income status. Malaysia budget 2017 has successfully been tabled by the prime minister datuk seri najib razak.
46 0b revenue 219 7b 3 from 213 3b budget deficit 40 3b. With 0 2 recorded in the first half of 2019 compared to 1 0 and 3 7 for the whole of 2018 and 2017. For the past 60 years the parti perikatan and now the barisan nasional government has successfully sustained the gdp growth at an average of 6 per annum. Melayu malay 简体中文 chinese simplified highlights of malaysia budget 2017 in malaysia.
The budget with its theme driving growth and equitable. On 21 october 2016 yab dato sri mohd najib bin tun haji abdul razak malaysia prime minister has tabled budget 2017 themed ensuring unity and economic growth inclusive prudent spending wellbeing of the rakyat. The 2017 budget speech by yab dato sri mohd najib tun haji abdul razak prime minister and minister of finance. Corporate tax rate scheme for years of assessment 2017 and 2018 is a welcome and innovative measure to incentivize and reward companies which have achieved growth.
Budget 2017 yesterday oct 21 2016 4pm unveiled by malaysia pm as a commitment budget not an election budget budget 2017 overall total budget 260 8b 3 4 from 252 2b excluding 2b contingency fund operating exp. Government expects to achieve 3 fiscal deficit in 2017. The first post independence budget was presented in the parliament in 1959 with only a total allocation of rm888 million while the current 2017 budget stands at rm260 8 billion. Though experts said that this latest budget covers a wide area of the economy many forecasts and items on the wish list did not materialised.
Full text of budget. Only 2 1 million income tax payers out of 14 6 million of. Focus of the 2019 budget.