You have searched for "Fiscal Outlook 2022"
Showing 1-7 of 7
PRIOR to the presentation of Budget 2022, this column ran a series of three articles discussing issues as to whether we should be worried about debt, why debt dependency can be a ticking time bomb and measures the government can take to address our current low tax to gross domestic product (GDP) ratio. Well, Budget 2022 was presented last week, and in short, an opportunity was missed by not addressing the elephant in the room.
The Federal Government's revenue collection in 2022 is estimated to be higher at RM234bil or 14.3% to gross domestic product (GDP).
THE government is currently formulating the Fiscal Responsibility Act (FRA) to further enhance governance, accountability and transparency in fiscal management.
THE Malaysian government's earmarking of RM5bil to be utilised from the National Trust Fund (NTF) is in line with other world governments' efforts to increase their fiscal space during the Covid-19 pandemic.