RM297b govt expenditure allocated for Budget 2020

11 Oct 2019 / 16:12 H.

• A total of RM297 billion (18.4% of GDP) will be allocated for Budget 2020, of which RM241 billion (14.9% of GDP) will go to operating expenditure and the balance of RM56 billion will go to development expenditure.

• The bulk of the operating expenditure will be channelled to emoluments, followed by supplies and services, debt service charges, retirement charges as well as subsidies and social assistance.

• Development expenditure will be channelled towards promoting economic development, bridging the urban-rural infrastructure gap and enhancing the living standard of people.

• Allocation for 2019 revised upwards to RM316 billion from budget estimates of RM314.63 billion to cater for higher operating expenditure (RM262.3 billion or 17.3% of GDP), while development expenditure constitutes RM53.7 billion or 3.5% of GDP which will be spent on programmes and projects with a high-multiplier impact on the economy.

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