{"id":17947,"date":"2019-11-19T01:43:00","date_gmt":"2019-11-18T17:43:00","guid":{"rendered":"https:\/\/www.comparehero.my\/blog\/uncategorized\/post-budget-2020.html"},"modified":"2026-03-27T11:01:06","modified_gmt":"2026-03-27T03:01:06","slug":"post-budget-2020","status":"publish","type":"post","link":"https:\/\/www.comparehero.my\/blog\/government-budget\/post-budget-2020.html","title":{"rendered":"Budget 2020: What Has Been Implemented?"},"content":{"rendered":"\n<p><script src=\"https:\/\/f5e7953c02534f2e9693a1ca1eff2ddb.js.ubembed.com\" async=\"\"><\/script><br> <em>Phew!<\/em><\/p> \n<!--more--><p>Anticipation was through the roof as we diligently listened to what was broadcasted last Friday. I&#8217;m talking about the annual national budget that was tabled in Dewan Rakyat on October 11, 2019. With themes &#8216;Shared Prosperity&#8217; and &#8216;Kemakmuran Bersama&#8217; spearheading the highly-anticipated event, we were all eager to know if the proposed key initiatives for year 2020 would live up to its name.<\/p> \n<p>While it was no easy feat trying to keep up with our finance minister Lim Guan Eng&#8217;s speech during the Belanjawan 2020 presentation, we managed to capture some key highlights.<\/p> \n<p>In case you&#8217;ve missed it, catch a <b>live version <\/b>of what went down here:<\/p> \n<p><a href=\"https:\/\/www.comparehero.my\/budgets-tax\/articles\/budget-2020-live-updates\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-36017\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/LGE-Announces-Budget-Updates-300x157.jpg?resize=500%2C262&#038;ssl=1\" alt=\"\" width=\"500\" height=\"262\"><\/a><\/p> \n<p>Otherwise, let&#8217;s start with some visuals of the key initiatives that will be implemented next year.<\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/posting_1_720.jpg?resize=640%2C640&#038;ssl=1\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" srcset=\"https:\/\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/posting_1_720.jpg 720w,https:\/\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/posting_1_720-150x150.jpg 150w,https:\/\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/posting_1_720-300x300.jpg 300w\" alt=\"\" width=\"640\" height=\"640\"><\/p> \n<p>Last year, a sum of RM314.5 billion was allocated for Budget 2019 which was themed as &#8216;Credible Malaysia, Dynamic Economy, Prosperous Rakyat&#8217;. This year, the government has allocated RM297.02 billion&nbsp;\u2014 a drop of 5.6% compared to the previous year.<\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/Budget-Allocation-1-1.gif?resize=640%2C335&#038;ssl=1\" alt=\"\" width=\"640\" height=\"335\"><br> Budget 2020 is anchored on four thrusts:<\/p> \n<ul> \n <li data-src=\"visualisation\/729669\">Driving Economic Growth in the New Economy and Digital Era<\/li> \n <li data-src=\"visualisation\/729669\">Investing in Malaysians: Levelling Up Human Capital<\/li> \n <li data-src=\"visualisation\/729669\">Creating a United, Inclusive and Equitable Society<\/li> \n <li data-src=\"visualisation\/729669\">Revitalisation of Public Institutions and Finances<\/li> \n<\/ul> \n<p>The objectives of the 15 strategies outlined under the budget includes future proofing the economy and bridging wealth as well as income disparities that is in line with the aspirations of the Shared Prosperity Vision 2030.<\/p> \n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/729669\"><\/div> \n<p><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/p> \n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/729686\"><\/div> \n<p><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/Budget_TotalExpenditure.png?resize=633%2C582&#038;ssl=1\" alt=\"\" width=\"633\" height=\"582\"><\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/Budget_CivilService-1.jpeg?resize=633%2C863&#038;ssl=1\" alt=\"\" width=\"633\" height=\"863\"><\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/Budget_Sports.png?resize=635%2C653&#038;ssl=1\" alt=\"\" width=\"635\" height=\"653\"><\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/Budget_HealthCare-1.jpeg?resize=629%2C730&#038;ssl=1\" alt=\"\" width=\"629\" height=\"730\"><\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/Budget_Housing.jpeg?resize=627%2C893&#038;ssl=1\" alt=\"\" width=\"627\" height=\"893\"><\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/Budget_MalaysiaKerja.jpeg?resize=600%2C680&#038;ssl=1\" alt=\"\" width=\"600\" height=\"680\"><\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/Budget_OrgAsli.jpeg?resize=601%2C780&#038;ssl=1\" alt=\"\" width=\"601\" height=\"780\"><\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/Budget_SabahSarawak.jpeg?resize=596%2C549&#038;ssl=1\" alt=\"\" width=\"596\" height=\"549\"><\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/Budget_DigitalEconomy-1.jpeg?resize=593%2C461&#038;ssl=1\" alt=\"\" width=\"593\" height=\"461\"><\/p> \n<p><strong>See also:<\/strong> <a href=\"https:\/\/www.comparehero.my\/budgets-tax\/articles\/budget2020-what-can-we-expect\">Budget 2020: What Can We Expect?<\/a><\/p> \n<p>&nbsp;<\/p> \n<p>&nbsp;<\/p> \n<p>Sources: <a href=\"https:\/\/sites.thestar.com.my\/budget2020\/visual-story.aspx\">The Star<\/a>, <a href=\"http:\/\/twitter.com\/bernamadotcom\">Bernama<\/a>.<\/p> \n<p>&nbsp;<br> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Phew!<\/p>\n","protected":false},"author":268230141,"featured_media":59974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[421],"tags":[],"class_list":["post-17947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government-budget"],"yoast_head":"<!-- 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Days Hours Minutes Seconds The annual national budget is taking place on October 11, 2019, with themes 'Shared Prosperity' and 'Kemakmuran Bersama' spearheading the highly-anticipated event. Making its mark as the\u2026","rel":"","context":"In &quot;Government Budget&quot;","block_context":{"text":"Government Budget","link":"https:\/\/www.comparehero.my\/blog\/government-budget"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/LGE-Announces-Budget-Updates.jpg?fit=1200%2C629&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/LGE-Announces-Budget-Updates.jpg?fit=1200%2C629&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/LGE-Announces-Budget-Updates.jpg?fit=1200%2C629&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/LGE-Announces-Budget-Updates.jpg?fit=1200%2C629&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/LGE-Announces-Budget-Updates.jpg?fit=1200%2C629&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":17946,"url":"https:\/\/www.comparehero.my\/blog\/government-budget\/budget2020-what-can-we-expect.html","url_meta":{"origin":17947,"position":1},"title":"Budget 2020: What Can We Expect?","author":"CompareHero","date":"7 October 2019","format":false,"excerpt":"Hello Malaysia! We've entered October and it only means\u00a0that we get to see what's in store for us next year when Lim Guan Eng, our Minister of Finance presents the annual budget on October 11, 2019. The annual national budget has been one of the most anticipated events for Malaysians\u2026","rel":"","context":"In &quot;Government Budget&quot;","block_context":{"text":"Government Budget","link":"https:\/\/www.comparehero.my\/blog\/government-budget"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/Budget2020-Key-Visual-1.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/Budget2020-Key-Visual-1.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/Budget2020-Key-Visual-1.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/Budget2020-Key-Visual-1.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/Budget2020-Key-Visual-1.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":9108,"url":"https:\/\/www.comparehero.my\/blog\/tax-planning\/updates-budget-2017-malaysia-2.html","url_meta":{"origin":17947,"position":2},"title":"Key Updates: Budget 2017 Malaysia","author":"CompareHero","date":"21 October 2016","format":false,"excerpt":"The much anticipated Budget 2017 is being tabled today. Key updates from CompareHero.my. Last updated: 6:28pm MYT, 21st October 2016 On the Overall Economy Total allocation for Malaysia's Budget 2017 RM260.8 billion 3.4% increase from last year\u2019s recalibrated budget Malaysia's economy growth estimated at 4% - 5% for 2017 Largest\u2026","rel":"","context":"In &quot;Tax Planning&quot;","block_context":{"text":"Tax Planning","link":"https:\/\/www.comparehero.my\/blog\/tax-planning"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/10\/budgeting.png?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/10\/budgeting.png?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/10\/budgeting.png?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/10\/budgeting.png?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":17937,"url":"https:\/\/www.comparehero.my\/blog\/government-budget\/budget-2014-a-difficult-act-for-government.html","url_meta":{"origin":17947,"position":3},"title":"Budget 2014: A Difficult Act for Government","author":"CompareHero","date":"30 October 2019","format":false,"excerpt":"\u00a0 The 2013 budget for Malaysia was designed to win votes, from BR1M and cellphone rebates to reduced costs on repayment loans for students and many more.\u00a0So has this been a year to take advantage of and now we need to repay the losses? With warnings from international analysis about\u2026","rel":"","context":"In &quot;Government Budget&quot;","block_context":{"text":"Government Budget","link":"https:\/\/www.comparehero.my\/blog\/government-budget"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/CompareHero.png?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/CompareHero.png?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/CompareHero.png?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/CompareHero.png?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/CompareHero.png?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":17887,"url":"https:\/\/www.comparehero.my\/blog\/government-budget\/bajet-2018-will-malaysians-get-want.html","url_meta":{"origin":17947,"position":4},"title":"Bajet 2018: Will the Rakyat Get What They Want?","author":"CompareHero","date":"10 March 2019","format":false,"excerpt":"Prime Minister Datuk Seri Najib Abdul Razak will be tabling the 2018 Budget later this month on Friday, 27 October 2017. There has been much speculation about what will be put forward but let\u2019s take a look at some of the more common requests from the rakyat. How do we\u2026","rel":"","context":"In &quot;Government Budget&quot;","block_context":{"text":"Government Budget","link":"https:\/\/www.comparehero.my\/blog\/government-budget"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/image-38.png?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/image-38.png?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/image-38.png?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/image-38.png?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":17944,"url":"https:\/\/www.comparehero.my\/blog\/government-budget\/budget-2020-belanjawan-2020-ideas-suggestions.html","url_meta":{"origin":17947,"position":5},"title":"Budget 2020 \/ Belanjawan 2020 Needs Your Ideas And Suggestions","author":"CompareHero","date":"27 June 2021","format":false,"excerpt":"In the run-up to Malaysia\u2019s 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. Malaysians\u2026","rel":"","context":"In &quot;Government Budget&quot;","block_context":{"text":"Government Budget","link":"https:\/\/www.comparehero.my\/blog\/government-budget"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/share-suggestions-belanjawan2020.jpg?fit=900%2C339&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/share-suggestions-belanjawan2020.jpg?fit=900%2C339&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/share-suggestions-belanjawan2020.jpg?fit=900%2C339&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/share-suggestions-belanjawan2020.jpg?fit=900%2C339&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/11\/budget-2020-remove-one-22020-fix-spelling-of-bbugget-0020-1.png?fit=1024%2C768&ssl=1","_links":{"self":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts\/17947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/users\/268230141"}],"replies":[{"embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/comments?post=17947"}],"version-history":[{"count":1,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts\/17947\/revisions"}],"predecessor-version":[{"id":57859,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts\/17947\/revisions\/57859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/media\/59974"}],"wp:attachment":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/media?parent=17947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/categories?post=17947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/tags?post=17947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}