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Budget 2021: Govt to allocate RM1 bln to curb 3rd wave of COVID-19
KUALA LUMPUR, Nov 6 - A total of RM1 billion will be allocated to curb the third wave of COVID-19 next year, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
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Public sector debt at RM1.2 trillion
KUALA LUMPUR, Nov 6 -- Public sector debt till June 2020 increased to RM1.2 trillion or 85.5 per cent of Gross Domestic Product (GDP) due to higher Federal Government fiscal deficit to finance the COVID-19 pandemic stimulus measures, the Finance Ministry said.
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Govt revenue to fall 14 pct in 2020 as tax collection slips
KUALA LUMPUR, Nov 6 -- The Federal Government revenue is projected to decrease by 14 per cent to RM227.3 billion in 2020 from RM264.4 billion last year as a result of lower tax collection.
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Islamic banking, Capital Market expected to be stronger - MoF
KUALA LUMPUR, Nov 6 -- The Islamic Capital Market (ICM) and the demand for Shariah-compliant products is expected to strengthen in the future, supported by its appeal to a broader group of investors, despite the challenging economic climate.
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Govt to undertake mitigation measures, ensure risk exposure contained
KUALA LUMPUR, Nov 6 – Malaysia has not been spared from the adverse impact of the COVID-19 pandemic which has immobilised the global economy within a span of a few months.
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Govt revises MTFF 2021-2023, now sees 4.5-5.5 pct of GDP
KUALA LUMPUR, Nov 6 -- The government has revised the Medium-Term Fiscal Framework (MTFF) 2021-2023 on account of the impact caused by the COVID-19 crisis, the Finance Ministry said in its 2021 Fiscal Outlook and Federal Government Revenue Estimates report released today.
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Domestic market expected to regain traction on investors' optimistic outlook
KUALA LUMPUR, Nov 5 -- The domestic equity market is expected to regain traction following investors' optimistic outlook on the pace of global market recovery and domestic economic growth, supported by various strategic projects, said Ministry of Finance (MoF).
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