Focus

Budget 2024: The highest with RM393.8 billion allocation

By SINAR DAILY REPORTER
13 Oct 2023 04:28pm
The government allocates RM393.8 billion for Budget 2024, which is the highest ever presented.
The government allocates RM393.8 billion for Budget 2024, which is the highest ever presented.

KUALA LUMPUR- The government allocates RM393.8 billion for Budget 2024, which is the highest ever presented.

Finance Minister Datuk Seri Anwar Ibrahim said from the amount, the second Madani Budget allocated RM303.8 billion for operating expenses, RM90 billion for development expenses and RM2 billion ringgit for contingency.

The Prime Minister said the expenditure involved increasing the ceiling of the 12th Malaysia Plan (12MP) by RM15 billion, making the total amount RM415 billion for a period of five years.

"This addition shows that the government is adopting a fiscal approach that expands 'expansionary fiscal stance' even though at the same time it is responsible for reducing the fiscal deficit in stages," he said when tabling the Malaysia Madani Budget 2024 in the Dewan Rakyat, here, today.

Related Articles:
More Like This
Youth and Sports Minister Hannah Yeoh - Photo by Bernama
Youth and Sports Minister Hannah Yeoh - Photo by Bernama
National Court dismisses Hannah Yeoh's defamation suit against Musa Hassan
Judicial Commissioner Arziah Mohamed Apandi ruled after finding that the plaintiff had failed to establish that the defendant’s (Musa) statements were defamatory.
Anwar, in a special press conference in Subang, said that he would meet with Prabowo and Thaksin to discuss regional strategic issues and developments within Asean. - Photo source: Anwar Ibrahim/FB
Anwar, in a special press conference in Subang, said that he would meet with Prabowo and Thaksin to discuss regional strategic issues and developments within Asean. - Photo source: Anwar Ibrahim/FB
National Prabowo unwell, meeting with Anwar postponed
Anwar said he had arrived in Langkawi for the meeting, but Prabowo requested a few days' postponement due to illness last night.
The case involving GISBH chief executive officer Nasiruddin Mohd Ali, his wife Azura Md Yusof, and 20 others charged with being members of an organised criminal group has been transferred to the Shah Alam High Court. - Photo by Bernama
The case involving GISBH chief executive officer Nasiruddin Mohd Ali, his wife Azura Md Yusof, and 20 others charged with being members of an organised criminal group has been transferred to the Shah Alam High Court. - Photo by Bernama
National Trial of GISBH CEO, 21 others transferred to Shah Alam High Court
Also charged alongside the two former top leaders is Mohammad Adib At-Tarmimi, the son of the late Al-Arqam founder, Ashaari Muhammad.
Visitors take the opportunity to take pictures with Santa Claus and the stunning Christmas decorations at a shopping centre. Photo by Bernama
Visitors take the opportunity to take pictures with Santa Claus and the stunning Christmas decorations at a shopping centre. Photo by Bernama
National Colourful decorations, year-end promotions draw crowds ahead of Christmas in KL
People from all walks of life, including foreign tourists, are taking the opportunity to enjoy the festive atmosphere ahead of the celebration on Dec 25, with many also doing last-minute preparations.