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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 ...
v. t. e. The Twelfth Malaysia Plan (Malay: Rancangan Malaysia Kedua Belas), otherwise known as the 12th Malaysia Plan and abbreviated as " 12MP ", is a comprehensive blueprint prepared by the Economic Planning Unit (EPU) of the Prime Minister's Department (PMO) and the Ministry of Finance. [1] The blueprint is a continuation to the 11th ...
The Ministry of Finance (Malay: Kementerian Kewangan; Jawi: كمنترين كواڠن ), 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.
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 ...
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.
The Cabinet of Malaysia (Malay: Jemaah Menteri Malaysia) is the executive branch of the Government of Malaysia. Led by the Prime Minister, the cabinet is a council of ministers who are accountable collectively to the Parliament. According to the Article 43 of the Federal Constitution, members of the Cabinet can only be selected from members of ...
[21] [22] Under the Short-Term Economic Recovery Plan (PENJANA), Tengku Zafrul has launched the ePenjana credit program worth RM750 million to aimed at boosting consumer spending in Malaysia. [23] On 6 November 2020, Tengku Zafrul presented the 2021 budget in the Parliament to ensure that the economy revives and benefits the people.
The Deputy Minister of Finance ( Malay: Timbalan Menteri Kewangan; Chinese: 财政部副部长; Tamil: நிதித்துறை துணை அமைச்சர் ) is a Malaysian cabinet position serving as deputy head of the Ministry of Finance. Deputy Minister of Finance. Timbalan Menteri Kewangan. Coat of Arms of Government of ...