NEWS

Budget 2020: public urged to continue giving suggestions on website



GEORGE TOWN, (Bernama) -- The Finance Ministry has urged the public to continue sending their suggestions and ideas for Budget 2020 as part of the government’s efforts to draft a people’s budget.

Its Deputy Minister Datuk Wira Amiruddin Hamzah said the ministry had received many good suggestions from the public through the website belanjawan2020.treasury.gov.my since it was opened on Aug 9.

He said so far, the suggestions were not just focused on incentives from the government and tax reduction, but also how it could boost the economy.

“Usually when people make suggestions to the budget, they ask for benefits, such as cost of living, while the private sector would ask for tax reductions. But this time, we see suggestions for steps the government could take where it does not have to come up with money but would boost the economy.

"These suggestions could benefit the public. We hope this will truly be a people’s budget because the suggestions and contributions are from them,” he told reporters after launching the Penang Top Achievers 2019 award ceremony here last night.

From Aug 9 until Sept 11, the public can share their ideas or suggestions through the specific website belanjawan2020.treasury.gov.my and use the hashtag #belanjawan2020 on social media such as Facebook, Instagram and Twitter.

Budget 2020 will be tabled on Oct 11.

Amiruddin said the Government had also set up the Budget Consultation Council as the main focus group forum for non-governmental organisations and interested parties to get their feedback on the drafting of the budget,

On the event last night, he said it should also be held in other states as a show of appreciation and recognition for individuals who had done well in their respective fields.

The award, organised by The Leaders Online, and  held for the first time in Penang,  had 20 award winners in various categories in recognition of individuals for their contributions to the Malaysian economy, especially Penang.

Among the recipients were the chief executive officer of Penang Water Supply Corporation Datuk Jaseni Maidinsa who received awards in two categories - Icon of The Year, and Industry Excellence In Public Service; the chief executive officer of Berjayapak Sdn Bhd Ooi Lay Pheng (Masterclass Woman Achiever of The Year) and founder of Habib Jewels Sdn Bhd, the late Datuk Habib Mohamed (Posthumous Award).

-- BERNAMA

 




OTHER NEWS

Budget 2022: Impact on fixed income market almost negligible, says Manulife

KUALA LUMPUR, Nov 12 -- The impact from Budget 2022 on the fixed income market is almost negligible, given that there were no major surprises in terms of the country’s debt financing requirement and fiscal position, said Manulife Investment Management (Manulife).


Govt needs to look for other ways to increase revenue beyond Budget 2022 taxes - Expert

KUALA LUMPUR, Nov 11 -- Budget 2022 tax initiatives may not contribute significantly to government revenue and there is a need to look for other ways to increase it for the sustainable economic growth of the country, according to a tax expert.


Budget 2021 formulated based on valid data - MoF

KUALA LUMPUR, Dec 16 -- Budget 2021 was formulated based on reports presented by relevant bodies whose data could be determined to be valid, the Ministry of Finance (MoF) said.


HIGHLIGHTS


EXCLUSIVE


ECONOMIC REPORT

Budget 2021: MoT to provide incentives to lighten people’s burden - Wee 

KUALA LUMPUR, Nov 19 -- The Ministry of Transport which receives RM6.05 billion allocation under Budget 2021, will be providing various incentives to benefit the people.


2021 Budget : MAFI, private sector must co-operate to optimise Budget 2021

KUALA LUMPUR, Nov 16  -- The Ministry of Agriculture and Food Industries (MAFI) and the private sector must escalate co-operation to optimise the allocation in the 2021 Budget to MAFI so that ...

Budget 2021 described as inclusive for all in tourism sector

KUALA LUMPUR, Nov 9 -- The inclusive Budget 2021 touching on the involvement of various parties contributing to the economic chain related to the tourism sector is seen capable of revital...



BNC LIVE


BUDGET SPEECH



© 2024 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution