The much-anticipated 2020 Budget to be tabled today
0 month ago, 11-Oct-2019
File photo of the Parliament Building in Taman Duta. Bernama Photo
KUALA LUMPUR: Finance MinisterLim Guan Engis scheduled to table the much-awaited 2020Budget in the Dewan Rakyat today at 4pm.
It will be the secondtime that he is tabling the countrys annual budget.
Many Malaysians have sharedtheir expectations and desires for the Budget 2020 includingthe desire to see the implementation of socio-economic initiatives that directly impact the ongoing digital transformations under the fourth industrial revolution (IR 4.0).
People on the street are eager to listen to the initiatives announcement to copewith the raising cost of living andmore opportunities to enjoy quality life.
Many economists expressedhope that the budget should provide greater direction from the government of its vision and focus on sustainable growth.
Meanwhile, medical association urged government to review the effectiveness and weaknesses of the existing health policy to benefit the people.
With the ultimate goal of enhancing the people’s prosperity in a fair and inclusive manner,the Pakatan Harapan government is listening to the people while trying to keep its promiseto restore Malaysia back to its fiscal health by 2022, despite having inheritedworrisome financial position.
Majority of analysts say Budget 2020 will reflect the governmentsShared Prosperity Vision 2030that aims to restructure the economy and bridge disparities between the wealthy and the impoverished.
For the record, an allocation ofRM314.5 billion was provided for the 2019 Budget, themed Credible Malaysia, Dynamic Economy, Prosperous Rakyat.
The Budget2020 is also the second budget for thePakatan Harapan (Alliance of Hope) government,since it came into power in May 2018.
The tabling of the Malaysias Budget 2020 will be broadcast live via the mass media, social media channels and the Finance Ministry (MoF)s official Facebook and Twitter accounts. – Bernama