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KUALA LUMPUR: The following is the essence of the Bajet 2019 presented by Prime Minister Datuk Seri Najib Razak themed "Encouraging the Inclusive Economy, Balancing the World's Excellence And Knowledge, The People's Life, Towards Aspiration of TN50, in the House of Representatives, today.
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KUALA LUMPUR: The following is the essence of the Bajet 2019 presented by Prime Minister Datuk Seri NajibRazak themed "Encouraging the Inclusive Economy, Balancing the World's Excellence And Knowledge, The People's Life, Towards Aspiration of TN50, in the House of Representatives, today.
The bajet 2019 allocation amounted to RM280.25 billion, up from RM260.8 billion in 2018, with RM234.25 billion for operating expenditure and RM46 billion for development expenditure. Under the development allowance, the economic sector received the highest share of RM26.34 billion, social sector (RM11.72 billion), security (RM5.22 billion) and general administration (RM2.72 billion).
The fiscal deficit is expected to narrow to 2.8 per cent in 2018 from 3 per cent in 2018. Federal Government revenue collection in 2018 is expected to increase to RM239.86 billion in 2018 or from RM219.7 billion in 2018. Total investment is expected to increase by 6.7 per cent or contributing 25.5 per cent of Gross Domestic Product (GDP) by 2018.
Private investment is expected to increase to RM260 billion in 2018 from RM230 billion in 2017. *The Federal Government revenue of 2019 is expected to reach RM239.86 billion. *An allocation of RM200 million to AmanahIkhtiar Malaysia (AIM), bringing total AIM funding amount to RM2.7 billion which utilizes nearly 400,000 borrowers.
*RM6.5 billion allocation to farmers, farmers, farmers, fishermen, smallholders, farmers and rubber tappers, including RM2.3 billion for aid and incentives such as fertilizers and production inputs to farmers, smallholders, rubber and fishermen. *The year 2020 is declared as Visit Malaysia Year where Malaysia will host such as APEC, WCIT and CHOGM. *RM2 billion is allocated to the SME Tourism Fund as a loan to tour operators by providing two percent interest rate subsidized incentives.
*Adding RM1 billion to the Tourism Infrastructure Development Fund as a soft loan. Budgetary budgets 2019 KUALA LUMPUR: The following is the essence of the Budget 2019 presented by Prime Minister Datuk Seri NajibRazak themed "Encouraging the Inclusive Economy, Balancing the World's Excellence And Knowledge, The People's Life, Towards Aspiration of TN50, in the House of Representatives, today.
The budget allocation amounted to RM280.25 billion, up from RM260.8 billion in 2018, with RM234.25 billion for operating expenditure and RM46 billion for development expenditure. Under the development allowance, the economic sector received the highest share of RM26.34 billion, social sector (RM11.72 billion), security (RM5.22 billion) and general administration (RM2.72 billion).
The fiscal deficit is expected to narrow to 2.8 per cent in 2018 from 3 per cent in 2018. Federal Government revenue collection in 2018 is expected to increase to RM239.86 billion in 2018 or from RM219.7 billion in 2018. Total investment is expected to increase by 6.7 per cent or contributing 25.5 per cent of Gross Domestic Product (GDP) by 2018.
Private investment is expected to increase to RM260 billion in 2018 from RM230 billion in 2017. *The Federal Government revenue of 2019 is expected to reach RM239.86 billion. *An allocation of RM200 million to AmanahIkhtiar Malaysia (AIM), bringing total AIM funding amount to RM2.7 billion which utilizes nearly 400,000 borrowers.
*RM6.5 billion allocation to farmers, farmers, farmers, fishermen, smallholders, farmers and rubber tappers, including RM2.3 billion for aid and incentives such as fertilizers and production inputs to farmers, smallholders, rubber and fishermen. *The year 2020 is declared as Visit Malaysia Year where Malaysia will host such as APEC, WCIT and CHOGM. *RM2 billion is allocated to the SME Tourism Fund as a loan to tour operators by providing two percent interest rate subsidized incentives *Increase RM1 billion to Tourism Infrastructure Development Fund as easy loan.
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