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Malaysia hopes to restore Asian Tiger status thanks to 2019 Budget

The Malaysian government on November 2 submitted to the legislature the 2019 Budget, which is expected to help restore the Malaysian economy as an Asian Tiger, according to the New Straits Times.
Malaysia hopes to restore Asian Tiger status thanks to 2019 Budget ảnh 1The Kuala Lumpur skyline (Photo: thecrazytourist.com)

Kuala Lumpur (VNA) – The Malaysian government onNovember 2 submitted to the legislature the 2019 Budget, which is expected tohelp restore the Malaysian economy as an Asian Tiger, according to the NewStraits Times.

The 2019 Budget, themed “A Resurgent Malaysia, A DynamicEconomy, A Prosperous Society,” is worth 314.5 billion ringgit (75.5 billionUSD). It focuses three main thrusts with 12 key strategies, especially ensuring thesocio-economic wellbeing of Malaysians, which is considered an index to measurethe success of the government.

Most opinions supported the draft. However, some criticised that the budget forethnic minorities in Malaysia remains too humble. In addition, those forSarawak and Sabah states, which provide a large volume of oil for the country,are also low, about 4.3 billion and 5 billion ringgit, respectively.

Meanwhile, 60.2 billion ringgit is reserved for education, accounting for over19 percent of the total.

The Malaysian parliament will discuss the 2019 Budget in its upcomingsessions.-VNA 
VNA
#Malaysian government#Malaysian economy#Asian Tiger#ethnic minorities#“A Resurgent Malaysia#A Dynamic Economy#A Prosperous Society#” Vietnam#VietnamPlus#Viet Nam News
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