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The federal budget is a major state financial plan for the fiscal year, which has the force of law after its approval by the Malaysian parliament and signed into law by the Yang di-Pertuan Agong . Revenue estimates detailed in the budget are raised through the Malaysian taxation system, with government spending representing a sizeable ...
One of the senior posts in the Cabinet of Malaysia, the finance minister is responsible for determining the fiscal policy and managing national budget of the government. The Minister of Finance has been Prime Minister Anwar Ibrahim since 3 December 2022. He previously served his first term from 1991 to 1998.
Ministry of Finance on Facebook. The Ministry of Finance ( Malay: Kementerian Kewangan ), abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget.
Malaysia will see wider fiscal deficits and slower economic growth than earlier forecast through 2020, the government said on Thursday, underscoring the challenges facing the new administration ...
The COVID-19 pandemic has impacted and affected the political system of Malaysia, causing suspensions of legislative activities and isolation of multiple politicians due to fears of spreading the virus. The onset of the pandemic coincided with a political crisis in early 2020 which continued into 2021 as the spread of COVID-19 and emergency ...
The Government of Malaysia along with various non governmental organisations (NGOs), companies, and foreign governments introduced various financial aid and relief programs in response to the economic impacts of the COVID-19 pandemic in Malaysia. On 27 March 2020, Prime Minister Muhyiddin Yassin introduced an economic stimulus package known as ...
The government plans to spend 332.1 billion ringgit ($80.06 billion) in 2022, up from 320.6 billion ringgit this year, despite lower-than-expected revenue and a widening deficit in 2021, one of ...
The Eleventh Malaysia Plan (11MP) ( Malay: Rancangan Malaysia ke-11) 2016–2020 is Malaysia's five-year development plan towards realising the goal of Vision 2020. The preparation of the 11th Malaysia Plan is based on the National Development Strategy of Malaysia (MyNDS) which focuses on the development of people-based economy and capital ...