Malaysia’s Budget 2020 (Belanjawan 2020) will be tabled on October 11, 2019. Public consultation and feedback is sought by Malaysia’s Ministry of Finance until September 11, 2019.

Belanjawan 2020

  • Share your suggestions until submissions deadline of September 11, 2019 (50 days remaining at time of news posting).
  • Budget 2020 will be tabled by Minister of Finance, YB Tuan Lim Guan Eng on Friday, October 11 2019.
  • Budget 2020 will be themed “Shared Prosperity: Sustainable And Inclusive Growth Towards High Income Economy”

“Budget 2020 will focus on Malaysia’s target to become a developed nation through high-quality growth that includes all segment of the society” ~Finance Minister YB Tuan Lim Guan Eng

2020 Budget Categories

  1. Addressing Cost Of Living
  2. Improving The Quality Of Education
  3. Improving Job Opportunities
  4. Strengthening The Public Sector
  5. Improving Public Infrastructure
  6. Exploring New Technology And Innovation
  7. Fostering Entrepreneurship And Businesses
  8. Ensuring Social Welfare And Development
  9. Encouraging A Healthy Lifestyle
  10. Improving Access To Housing
  11. Preserving The Environment Through Sustainable Development
  12. Maintaining Public Safety And Security
  13. Spurring The Development Of Sports
  14. Strengthening Malaysia’s Finance

What We Know About Budget 2020 (So Far)

  • No new tax measures planned for Budget 2020.
  • Budget 2020 will take into account US and China trade tensions.
  • Government designing a Cost of Living Index to determine the minimum living cost needed to sustain a comfortable life.
  • Government still facing legacy issues such as 1MDB which has affected the economic growth of the country.

 

How to Submit

  1. Go to official Belanjawan 2020 website (English version available).
  2. Select one (or more) of the 14 categories to provide feedback on.
  3. Submit 2020 budget suggestion(s).

Required Info to Submit

  • Name
  • Email
  • 2020 Budget Suggestions

 

Official Links

 

Disclaimer: Info provided and images used are based on information from MoF and other public sources for financial educational purposes only. We do not represent MoF in any capacity.

 

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