News about budget

KUALA LUMPUR (Sept 6): Development Financial Institutions (DFIs) have a strategic role in the country's efforts to restore and retain the capacity of businesses to provide various employment opportunities and support Malaysians' livelihoods, according to the Ministry of Finance (MOF).

KUALA LUMPUR (Sept 3): As part of its efforts to improve the annual Budget preparation process, the Ministry of Finance (MoF) has agreed to publish four public consultation papers (PCPs) and invite the public to share their ideas for Budget 2022, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said.

KUALA LUMPUR (Sept 3): As part of Malaysia's medium-term fiscal strategy, tax experts have recommended that the federal government reintroduce a broad based consumption tax, i.

KUALA LUMPUR (Aug 31): Budget 2022 will be drafted with the expectation that the economic situation will recover from the effects of Covid-19 next year, said the Ministry of Finance (MoF).

KUALA LUMPUR (Jan 17): The Malaysia Budget Hotels Association (MyBHA) yesterday demanded that the government act fast to help its association members, their employees and all tourism players who are hugely impacted by the reinstatement of the movement control order (MCO).

KUALA LUMPUR (Dec 15): The opposition failed in its attempt to thwart Budget 2021 as it was passed in the final approval stage in the Dewan Rakyat today via an en bloc vote.

KUALA LUMPUR (Dec 9): Deputy Health Minister Dr Noor Azmi Ghazali insisted today that the allocation for the Ministry of Health (MoH) under Budget 2021 is higher year-on-year, after the inclusion of certain “implicit” allocations, amid criticisms from opposition MPs on the allocation amount.

KUALA LUMPUR (Nov 30): The Prime Minister’s Department budget for 2021 was passed in the Dewan Rakyat today through a bloc vote.

KUALA LUMPUR (Nov 26): The government has instructed banks to automatically approve applications to freeze loan repayments by applicants in the bottom 40% income group (B40) as well as micro enterprises with debts of below RM150,000.

KUALA LUMPUR (Nov 23): Tengku Razaleigh Hamzah will not be participating in the Budget 2021 debate as long as the legitimacy of Prime Minister Tan Sri Muhyiddin Yassin and his Cabinet is not tested.