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    Malaysia’s 2016 Budget: Pursuing Fiscal Consolidation while Skirting Critical Growth Concerns

    Devadason, Evelyn S. | December 2015
    Abstract
    The 2016 Budget for Malaysia was tabled on 23 October, 2015. It has drawn much interest as it is the first budget under the 11th Malaysia Plan (2016-2020), which is the last medium-term plan in the nation’s journey to ‘high income’ status as laid out in its Vision 2020. Themed ‘Prospering the Rakyat’, the 2016 Budget continues to be guided by the ‘people economy’, a concept coined in the previous budget. This budget’s allocation for 2016 amounts to RM 265 billion, with 81 per cent for operating expenditure and 19 per cent for development expenditure. The Budget has five priorities, the first three of which are economic – strengthening economic resilience, enhancing productivity, and empowering human capital. The fourth and fifth are more social, and are for advancing the bumiputera agenda and easing the cost of living for the Rakyat. The priorities, their proportion of the total budget allocation, and key strategic initiatives are set out in Table 1.
    Citation
    Devadason, Evelyn S.. 2015. Malaysia’s 2016 Budget: Pursuing Fiscal Consolidation while Skirting Critical Growth Concerns. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/11006.
    ISSN
    2335-6677
    Keywords
    Economic Crisis
    Economic Efficiency
    Economic Policies
    Financial Stability
    Financial Management System
    Financial Restructuring
    Capital Market Development
    Market Development
    Economics
    Erosion
    International Economics
    Macroeconomic
    Macroeconomic Analysis
    Performance Evaluation
    Impact Evaluation
    Foreign and Domestic Financing
    Foreign Direct Investment
    Economies in transition
    Economic agreements
    Social condition
    Economic dependence
    Economic assistance
    Crisis
    Taxation
    Public Accounting
    National Budget
    Municipal Bonds
    Local Government
    Local Taxes
    International Monetary Relations
    International Financial Market
    Multilateral Financial Institutions
    Economic Recession
    Market
    Crisis
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Business Financing
    Investment Requirements
    Corruption
    Money laundering
    Financial crisis
    Labor economics
    Regional economics
    Business recessions
    Multilateral development banks
    Regulatory reform
    Capital
    Exports
    Economic development projects
    Economic policy
    Economic forecasting
    Investment Requirements
    Banks
    International banks and banking
    Capital movements
    Central banks and banking
    Bills of exchange
    Swaps
    Banks and banking
    Financial crisis
    Credit control
    Credit allocation
    Capital market
    International liquidity
    Liquidity
    Exchange rate
    Use tax
    Taxing power
    State of taxation
    Tax-sales
    Tax revenue estimating
    Tax planning
    Spendings tax
    Special assessments
    Tax administration and procedure
    Sales tax
    Real property and taxation
    Progressive taxation
    Effect of taxation on land use
    Effect of taxation on labor supply
    Intergovernmental tax relations
    Inheritance and transfer tax
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/11006
    Metadata
    Show full item record
    Thumbnail
    ISEAS_Perspective_2015_69.pdf (591.3Kb)
    Author
    Devadason, Evelyn S.
    Theme
    Finance
    Economics

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    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise