Economic Outlook 2020: RM297bil for operating, devt expenditure


The government will remain focused on education and hospitals.

KUALA LUMPUR: The Federal Government will allocate RM297bil or 18.4% of GDP under the proposed Budget 2020 for operating and development expenditure where emoluments account for a sizeable amount and continued focus on economic development.

It said of the RM297bil, it allocated RM241bil or 81.1% is for operating expenditure and the remaining RM56bil for development expenditure.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 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

Gamuda JV secures RM3.72bil Taiwan MRT contract
Big Caring Group signs underwriting agreement for IPO
MCE Holdings secures RM23.29mil US automotive contracts
Hibiscus Petroleum partners Seri Pajam to explore energy projects in Malaysia
Maybank, IIF forum focuses on financing Asean's energy transition
Bursa Malaysia bucks regional losses to close higher
SC showcases capital market financing options to Sabah businesses
Budget 2027: Local semiconductor firms must move up value chain
Revenue Group to change name to Revenue IF from Oct 16
Gold holds steady ahead of US inflation data

Others Also Read