NEWS

Malaysians wants initiatives to lessen cost of living burden - MoF



KUALA LUMPUR, Oct 10 -- An online survey conducted in conjunction with the Budget 2020 and involving more than 7,000 respondents from among Malaysians, revealed that they want initiatives to lessen the burden of their cost of living, more opportunities to enhance the quality of life and assistance when faced with tragedies.

The survey covered various backgrounds, ages and locations, as part of efforts by the Finance Ministry (MoF) to involve the public in obtaining feedback and input for the Budget 2020.  

“As for the youth, the respondents urged the government to facilitate TVET job opportunities, provide incentives for trainees and apprentice to gain job experience, as well improve skills development programmes and human capital,” the ministry said a statement here today.

The MoF also undertook 12 focus consultation groups at various locations throughout the country with its minister Lim Guan Eng, who will table the Budget 2020 in Parliament tomorrow. 

It will be the second time that he is tabling the annual budget.

A majority of the respondents in the online survey also chose to urge the government to have more initiatives to support the less fortunate, ensure a balanced development for all states and provide equal opportunities for all and irrespective of race and religious beliefs to achieve the Shared Prosperity Vision (WKB) 2030.    

“As such, the WKB must be aimed at economic growth, to generate prosperity that can be shared by all. The government has looked into and taken note of the feedback received via this survey and the engagement sessions undertaken for the Budget 2020. 

 The Budget 2019 needed RM259.8 billion for operational expenditure and RM54.7 billion as development expenditure. The Budget 2020 is also the second budget for the Pakatan Harapan government.

The tabling of the budget will be broadcast “live” via the mass media, social media channels and the MoF’s official Facebook and twitter accounts.

 

-- 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



© 2025 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