Economic Outlook 2020: Highlights of Federal Govt revenue


Sales and Service Tax revenue to increase by 5.6% to RM28.30bil

Federal Govt Budget RM297.02bil

* Largest chunk or 45.1% will come from income tax; non-tax revenue 18.4%, borrowings 17.7%, indirect tax 15.9% and other direct tax 2.9%.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Prudential to raise stake in Malaysia life insurer holding firm to 70% for US$377mil
BWYS shareholders approve RM67mil property disposal, RM94.5mil land acquisition
Kimlun issues RM10.81mil Islamic commercial papers
Cabnet secures RM14.8mil electrical contracts Johor Baru
FBM KLCI climbs amid firmer regional markets, stronger ringgit
Gold steadies as Fed independence concerns offset easing geopolitical woes
Oil slips as investors assess supply outlook, US stock build
AirAsia X targets up to US$600mil debt restructuring after combining airlines
Telenor sells its stake in Thailand's True Corporation for US$3.9bil
Societe Generale to cut 1,800 jobs in France

Others Also Read