Budget 2019: Balancing Fiscal Responsibilities and Economic Growth
By Negin Vaghefi
January 2019PENANG ECONOMIC INDICATOR
The 2019 Budget, the first budget under the new government, was tabled by Finance Minister Lim Guan Eng on November 2, 2018 in Parliament. With the theme “A Resurgent Malaysia, A Dynamic Economy, A Prosperous Society”, the 2019 Budget allocates a total of RM314.6bil in expenditure – about 12.2% more than the previous year. RM259.9bil (82.6%) is allocated for operating expenditure (OE) while RM54.7bil1 (17.4%) is set aside as development expenditure (DE). The larger expenditure for 2019 indicates that the...
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is a senior analyst at Penang Institute. She holds a Ph.D. in Environmental Economics. Her research interests include agri-environmental economics, climate change, green economics, poverty and income inequality, and policy analysis.