Government Budget

In the run-up to Malaysia’s Budget2020 or Belanjawan2020, the government is seeking ideas and suggestions from its citizens as it looks to boost economic growth while narrowing the fiscal deficit. Budget 2020 will be tabled by Minister of Finance, YB Tuan Lim Guan Eng on Friday, 11th October 2019.

  Budget 2019 was expected to be a burden with the introduction of the new taxes, plus the pre-budget warnings that it will be the most difficult budget ever. The new taxes include a soda tax, digital tax, as well as a departure levy – to name a few.