Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Due to the high level of uncertainty in current global economic conditions, the IMF does not offer projections for this economic indicator at this time. Corporate solution including all features. Direct access to our calendar releases and historical data. KUALA LUMPUR (Reuters) - Malaysia’s government on Friday unveiled a smaller budget than expected for next year but flagged a wider budget deficit than earlier estimated, and said it would step in with stimulus measures should global demand worsen. The government will also extend up to 1 billion worth of customized incentives annually over five years, as part of push to attract top global companies. For details, please see your browser’s Help section (by pressing F1). MyGovernment is an initiative by MAMPU towards the enhancement reinforcement of Integrated and Secured Digital Services under the 11th Malaysia Plan. You only have access to basic statistics. So, the Malaysian government may find it challenging to reduce its fiscal deficit — the shortfall in income compared to spending — from around … Please create an employee account to be able to mark statistics as favorites. All of the Malaysian states also present budgets. Then you can access your favorite statistics via the star in the header. Federal budgets are usually released in October, before the start of the fiscal year. Learn more about how Statista can support your business.
Data are in current U.S. dollars. The government budgeted 297.02 billion ringgit ($70.85 billion) in spending for 2020, 6% lower than this year. Please do not hesitate to contact me. However, projected weakness in global and domestic demand and commodity prices is expected to slash that figure to 29 billion ringgit in 2020. The average value for Malaysia during that period was 12.25 billion U.S. dollars with a minimum of 0.24 billion U.S. dollars in 1960 and a maximum of 45.06 billion U.S. dollars in 2014. Malaysia Imports Drop More than Estimated, Malaysia Trade Surplus Smaller than Expected, Malaysia Leading Index Rises Faster in July, Malaysia Consumer Prices Fall More than Expected, Malaysia Jobless Rate Rises to 4.7% in July, Malaysia Retail Sales Fall at Softer Pace, Malaysia Industrial Output Rises for First Time in 5 Months, South Korea Industrial Output Falls Further, South Korea Retail Sales Rise the Least in 4 Months, South Korea Business Confidence at 8-Month High, Argentina Economic Activity Shrinks Less than Expected. This feature is limited to our corporate solutions. Nevertheless, Prime Minister Mahathir Mohamad’s government forecast economic growth of 4.8% next year, slightly higher than this year’s projected 4.7%, and pencilled in a very modest improvement in exports. Then you will be able to mark statistics as favourites and use personal statistics alerts. 2005-2020 Data | 2021-2022 Forecast | Historical. The government budgeted 297.02 billion ringgit ($70.85 billion) in spending for 2020, 6% lower than this year. $39 per month* See here for a complete list of exchanges and delays. Register in seconds and access exclusive features. Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees).
Malaysia will also provide tax exemptions to promote high value-added activities in its massive electrical and electronics industry, as it looks to attract companies moving operations from China because of the escalating Sino-U.S. tariff battle. facts. The services sector, which accounts for about 58% of GDP, is forecast to grow 6.1% in 2019 and 6.2% next year.