Budget 2019: Balancing Fiscal Responsibilities and Economic Growth

By Negin Vaghefi

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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 monetary sector...

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Negin Vaghefi

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.