News by M

Goods and Services Tax

For the year 2020, Sabah and Sarawak remained the state that received the highest development expenditure with a total allocation of RM 5.2 billion and RM 4.4 billion respectively.

Compared with Budget 2019, operational expenditure down 7.25% to RM241.020 billion

Logistic hubs in the Special Border Economic Zone (SBEZ) of the Kota Perdana in Bukit Kayu Hitam

The government expects to spend RM8 billion to improve port infrastructure and turn Port Klang and Pulau Carey into regional maritime centres and logistic hubs.

The 2020 CPI forecast also took into account the introduction of the nation's targeted fuel subsidy in 2020

The stronger growth is underpinned by resilient domestic demand, particularly household spending, thanks to stable labour market and low inflation.

Nevertheless, household debt, which has been moderating since 2015 thanks to various macro-prudential and financial literacy measures, is expected to remain manageable in 2019 and 2020.

In 2020, the construction sector is expected to grow further to 3.7% on account of acceleration and revival of mega projects as well as the building of affordable homes.

Finance Ministry: The residential subsector is expected to grow at a slower pace, mainly due to elevating property overhang caused by the mismatch between supply and demand.