The Malaysia’s 2019 budget proposal was tabled by our Finance Minister, YB Lim Guan Eng on 2 November 2018. This budget represents the new Pakatan Harapan Government’s first Budget announcement to restore public finances and good governance to drive and strengthen the nation’s economy.
Proposal to adopt the Zero Based Budgeting Method, the Malaysian Government is expected to rationalize expenditures; broaden and diversify tax revenue & minimize tax leakages; restructuring government debt including contingent liabilities to achieve a sustainable, equitable and inclusive growth for the Malaysian economy.
Providing fresh insights on the latest Budget 2019 proposal by the government and its significance on the economy, capital market and the general public. Identifying the essential highlights of the Budget 2019 proposal, recognizing the main tax changes presented in the 2019 Budget proposal and discussing on the Budget 2019’s implications on the Malaysian economy and the capital market outlook.