2018 Budget Overview

2018 Budget Theme

Prospering an inclusive economy, balancing between worldly (duniawi) and hereafter (other-wordly), for the wellbeing of rakyat, towards the TN50 aspiration.

TN50: Transformasi Nasional 2050 is an initiative to plan for the future of Malaysia in the period 2020 to 2050. From the vision of becoming a developed nation, we should strive to be amongst the top countries in the world in economic development, citizen well-being, and innovation. You’ll be posting loads of engaging content, so be sure to keep your blog organized with Categories that also allow visitors to explore more of what interests them.

2018 Federal Budget

Revenue: 239.8b

Allocation: 280.2b (2017: 260.8b)

• Operating Expenditure: 234.2b

• Development Expenditure: 46.0b

2018 Economic Performance

• GDP: 5.0-5.5% (2017:  5.2-5.7%)

• Income Per Capaita: RM42.7k (2017: RM40.7k)

• Fiscal Deficit: -2.8% of GDP (2017: -3.0%)

• Foreign Reserves: RM428.7b (as at Oct 2017)

2018 Budget Focus

1. Invigorating investment, trade, and industry.

2. Moving towards TN50 aspirations.

3. Empowering education, skills and training, and talent development.

4. Driving inclusive development

5. Prioritizing the well-being of the rakyat and providing opportunities to generate income.

6. Fortifying the fourth industrial revolution and digital economy.

7. Enhancing efficiency and delivery of GLCs & public service.

8. Balancing between the worldly and hereafter.

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