Choice between SST, GST hinges on nation's economic goals - MOF
Despite the differences in structures, both the SST and GST offer an important fiscal tool to fund government programmes and projects.
Fri Oct 13 2023
MoF envisages 5.9 pct rise in govt revenue in 2022
Tax revenue remains the major contributor to total revenue, consisting of 73.2 per cent of the total share.
Fri Oct 29 2021
Government consistent in explaining statutory debt: MoF
Tengku Zafrul said that all Federal government debts have been clarified with, and accepted by international ratings agencies and analysts.
Mon Mar 22 2021
Macroeconomic conditions in 2021 will improve or worsen?
If past track record is a guide, we can still pull through and rebound especially once COVID-19 is contained.
Fri Feb 19 2021
RM17 bln from COVID-19 fund to be spent on wage subsidy scheme, other projects
A total of RM17 billion from the COVID-19 Fund will be spent mainly on the Wage Subsidy Programme (WSP), small-scale infrastructure projects, SMEs soft loan and food security.
Fri Nov 06 2020
MoF envisages 4.2 pct rebound in 2021's govt revenue
As a percentage to GDP, tax revenue represents 11.1 per cent while non-tax revenue is at four per cent.
Fri Nov 06 2020
Fiscal deficit to be reduced below 4 pct over next 3-4 years
The government aims to reduce the fiscal deficit to under 4 per cent of gross domestic product (GDP) over the next three to four years under its fiscal reform agenda.
Fri Nov 06 2020
Govt to undertake mitigation measures, ensure risk exposure contained
In mitigating the COVID-19 crisis, the Malaysian government has launched a series of stimulus packages and recovery plan.
Fri Nov 06 2020
Govt revenue to fall 14 pct in 2020 as tax collection slips
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.
Fri Nov 06 2020
Govt revises MTFF 2021-2023, now sees 4.5-5.5 pct of GDP
The government has revised the Medium-Term Fiscal Framework (MTFF) 2021-2023 on account of the impact caused by the COVID-19 crisis.
Fri Nov 06 2020
Govt allocates RM322.5 bln for Budget 2021
The Malaysian government is allocating RM322.5 billion, or 20.6 per cent of the Gross Domestic Product (GDP), for Budget 2021.
Fri Nov 06 2020