Salaries and emoluments will take the lion’s share of opex at 26.1% of the budget. – The Malaysian Insight pic, September 17, 2019.
TOTAL government expenditure for 2020 is expected to be higher at RM295.1 billion to support the economy with RM240.1 billion or 81% for operating expenditure , while the remainder amounting to RM55 billion for development expenditure. In a research note, RHB Investment Bank Bhd said although the total budget amount should be 6.2% lower than the 2019’s expenditure, it is, however, 6.3% higher after excluding the one-off RM37 billion in tax refunds allocated last year.
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