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THE Malaysian Finance Minister delivered the 2020 budget proposals on Oct 11,2019 following extensive consultations with a total of 12 Focus Groups, involving over 2,500 people representing over 1,200 organisations.
KUALA LUMPUR: PKR’s Wong Chen took the floor at the Dewan Rakyat to slam an unnamed leader in Pakatan Harapan for allegedly rewriting history.
A yearly budget should be able to address real issues not just dangling carrots and promising sweeteners.
PETALING JAYA: The Budget 2020 tabled in Parliament on Friday (Oct 11) was a routine one without strategic initiatives to drive and transform the economy, says PAS.
KUALA LUMPUR: Finance Minister Lim Guan Eng will have to strike a right balance between the cyclical need of juicing up growth at a time of heightened global uncertainties, and the structural necessity of curtailing government debt build-up, said an economist.
The Budget with its theme,"Driving growth and equitable outcomes towards shared prosperity," is the second for Pakatan Harapan since the coalition won power.
Federal Govt Budget RM297.02bil of which 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%.
NATIONAL strategic assets would never be sold if Barisan Nasional were still the government, says Datuk Seri Najib Razak.
PETALING JAYA: A day before Budget 2020, the World Bank has recommended that the government broaden the coverage of items under the sales and service tax (SST) and expand personal income taxes, among potential measures to diversify Malaysia’s sources of revenue.