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Malaysia approves budget estimates for 2020

The Dewan Negara – the upper house of the Malaysian Parliament – has approved the Supply Bill (Budget) 2020, which has allocated 297 billion RM for the year’s expenditure.
Malaysia approves budget estimates for 2020 ảnh 1The Dewan Negara – the upper house of the Malaysian Parliament – has approved the Supply Bill (Budget) 2020, which has allocated 297 billion RM (around 71.7 billion USD) for the year’s expenditure (Photo: www.intheblack.com)

 Kuala Lumpur (VNA) - The Dewan Negara – the upper house ofthe Malaysian Parliament – has approved the Supply Bill (Budget) 2020, whichhas allocated 297 billion RM (around 71.7 billion USD) for the year’s expenditure.

Deputypresident of the senate Datuk Halim Abdul Samad announced the decision late onDecember 17.

The bill was unanimously approved by members of the senate after it wasdebated for four days starting from December 9, which was followed by two daysof winding up by each ministry which ended last night.

Earlier,the Supply Bill 2020 was tabled by Deputy Finance Minister Datuk Ir. AmiruddinHamzah for the third reading and supported by Deputy Defence Minister Liew ChinTong.

Of thesum, 81.1 percent or 241 billion RM is for operating expenditure (OE) while thebalance of 56 billion RM is for development expenditure (DE)./.

VNA
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