Budget 2018 Malaysia Highlights

We set out below the highlights of the budget.

Budget 2018 malaysia highlights. Malaysia budget 2018 benefits malaysia s internet industry. Indeed much emphasis is placed on various sectors which include the development of dftz entrepreneurship and sme development in the country. Malaysia s income per capita is expected to rise to rm42 777 by 2018. With the announcement of budget 2018 everyone is excited about how it can give a boost to the economy of the country.

2018 budget speech highlights october 2017 executive summary the 2018 budget tabled in parliament on 27 october 2017 by prime minister and minister of finance yab dato sri najib tun razak entitled prospering an inclusive economy balancing between worldly and hereafter for the. Budget 2018 339 52209595 layout and printed by. Government spending policy malaysia. Budget proposed budget stands at 280 25 bln ringgit a rise of 7 5 pct from 2017 2018 revenue collection to expand around 6 4 pct to 239 9 bln ringgit fiscal deficit expected at 2 8 pct of gdp for 2018 compared with 3 0 pct this year.

A total of rm280 25bil has been allocated for budget 2018 an increase of rm19 45bil over the 2017 budget allocation of rm260 8bil. Titled prospering an inclusive economy. Malaysia s participation in the organisation for economic cooperation and development oecd initiatives it was announced in the budget that malaysia is committed to the implementation of the automatic exchange of information aeoi on tax matters in september 2018. Malaysia kementerian kewangan budget speech 2018 kementerian kewangan malaysia isbn 978 983 43512 8 1 1.

On this wonderful friday afternoon on 27 october 2017 there is no better time to share the good news and bring. Malaysia s budget 2018 tax highlights on 27 october 2017 malaysia s prime minister and minister of finance yab dato sri mohd najib tun haji abdul razak delivered his annual budget speech. Following are some highlights from najib s speech and the economic report. In his opening speech pm najib welcomed with.

Corporate income tax 1 1. Prime minister najib razak announced malaysia s 2018 budget on friday laying out government plans to tackle rising costs and to contain the country s fiscal deficit. Here are the main points of his speech. Themed prosper with inclusive economy balancing duniawi worldly and ukhrawi other worldly excellence to better the lives of the rakyat towards tn50 aspirations this year s announcement was very much anticipated as it is the final budget before the next general election.

Budget 2018 was announced on october 27 2017 by the prime minister and finance minister datuk seri najib razak. Najib tun haji abdul razak dato sri 1953 ii.