2016 Malaysian federal budget

2016 (2016) Budget of the Malaysian Federal Government
Supply Bill 2016
Presented 23 October 2015
Parliament 13th
Party Barisan Nasional
Finance Minister Najib Razak
Treasurer Ministry of Finance
Total revenue MYR225.7 billion
Total expenditures MYR267.2 billion
Program Spending MYR52 billion
Debt payment MYR26.6 billion
Deficit MYR38.8 billion
(3.1% of GDP)
Debt MYR627.5 billion
(54% of GDP)
GDP MYR1,114.8 billion
(4.0%-5.0%)
Website www.najibrazak.com/bajet2016/
2015
2017 ›

The Malaysian federal budget for 2016 fiscal year was presented to the Dewan Rakyat by Prime Minister and Minister of Finance, Najib Razak on Friday, 23 October 2015.

Summary

Official sources (Malay version)

Official sources (English version)

Total revenues and spending

Revenues

Revenue estimates for 2016 Budget, excluding 2016 tax measures

  Companies income tax (33.0%)
  Goods and services tax (17.3%)
  Individual income tax (13.4%)
  Interests and proceeds from investments (9.5%)
  Licenses, registration fees and permits (6.0%)
  Excise duties (5.5%)
  Petroleum income tax (4.1%)
  Stamp duty (3.0%)

Official sources

(In million MYR)

Source Projected Revenues[1] % of
Total Projected Revenues
Actual Revenues
Direct tax
Income tax
Companies
Individual
Petroleum
Withholding
Co-operatives
Others
Other direct taxes
Stamp duty
Real property gains tax
Others
125,566
116,558
74,381
30,266
9,331
2,473
84
23
9,008
6,766
2,163
79
55.6%
51.6%
33.0%
13.4%
4.1%
1.1%
0.0%
0.0%
4.0%
3.0%
1.0%
0.0%
Indirect tax
Goods and services tax
Local goods and services
Imported goods and services
Excise duties
CKD and CBU vehicles
Others
Import duties
Others
CKD and CBU vehicles
Spirits and malt liquor
Tobacco, cigarattes and cigar
Other indirect taxes
Export duties
Crude petroleum
Processed palm oil
Crude palm oil
Others
57,987
39,000
21,729
17,271
12,408
7,259
5,149
2,791
2,234
424
94
39
2,776
1,012
900
52
43
17
25.7%
17.3%
9.6%
7.7%
5.5%
3.2%
2.3%
1.2%
1.0%
0.2%
0.0%
0.0%
1.2%
0.4%
0.4%
0.0%
0.0%
0.0%
Non-tax revenue
Interests and proceeds from investments
Licenses, registration fees and permits
Other non-tax revenue
Service fees
Fines and penalties
Proceeds from sales of goods
Rentals
39,648
21,452
12,626
2,506
1,510
1,223
211
120
17.6%
9.5%
6.0%
1.1%
0.7%
0.5%
0.1%
0.1%
Non-revenue receipts 1,504 0.7%
Revenue from Federal Territories 951 0.4%
Grand Total Revenue 225,656

Expenditures by object

Official sources

These tables are in million MYR.

Description Projected
Expenditures
Actual
Expenditures
Operating expenditures
Emoluments 70,466.1
Supplies and services 36,315.1
Assets 761.0
Fixed Charges and Grants 106,648.2
Other Expenditures 1,033.5
Total Operating Expenditure 215,224.0
Development expenditures
Direct Grant 47,178.1
Loans 2,821.9
Contingencies Reserve 2,000.0
Total Development Expenditure 52,000.0
Grand Total Expenditure 267,224.0

Expenditures by budget function

Official sources

These tables are in million MYR. The budget for the 2016 fiscal year (also demonstrating the basic budget structure) can be found below.

Function Description Projected Actual
Expenditures Operating
Expenditures
Development
Expenditures[2]
Expenditures
1 Parliament 131.1 131.1 N/A
2 Office of the Keeper of the Rulers' Seal 2.1 2.1 N/A
3 National Audit Department 163.8 163.8 N/A
4 Election Commission 150.6 150.6 N/A
5 Public Services Commission 47.4 47.4 N/A
6 Prime Minister's Department 20,309.9 5,984.2 14,325.7
7 Public Service Department 2,515.4 2,436.6 78.9
8 Attorney General Chambers 185.4 185.4 N/A
9 Malaysian Anti-Corruption Commission 251.8 251.8 N/A
10 Treasury 4,477.2 3,626.0 851.3
11 Treasury General Services 25,885.9 25,885.9 N/A
12 Contribution to Statutory Funds 1,883.8 1,883.8 N/A
13 Ministry of Foreign Affairs 710.5 595.1 115.4
20 Ministry of Plantation Industries and Commodities 650.4 234.8 415.5
21 Ministry of Agriculture and Agro-based Industry 5,353.8 3,487.9 1,865.9
22 Ministry of Rural and Regional Development 10,831.2 5,379.9 5,451.3
23 Ministry of Natural Resources and Environment 2,670.9 1,008.1 1,662.8
24 Ministry of International Trade and Industry 1,914.4 539.3 1,375.2
25 Ministry of Domestic Trade, Co-operatives and Consumerism 797.4 730.1 67.3
27 Ministry of Works 5,775.9 2,223.3 3,552.6
28 Ministry of Transport 3,954.7 1,194.1 2,760.6
29 Ministry of Energy, Green Technology and Water 2,262.0 125.3 2,136.6
30 Ministry of Science, Technology and Innovation 1,527.0 661.1 865.8
31 Ministry of Tourism and Culture 1,221.0 973.2 247.8
32 Ministry of the Federal Territories 1,316.3 358.3 958.0
40 Education Service Commission 16.8 16.8 N/A
42 Ministry of Health 23,031.1 21,430.8 1,600.3
43 Ministry of Urban Wellbeing, Housing and Local Government 4,173.1 2,477.1 1,696.0
45 Ministry of Youth and Sports 931.8 473.9 458.0
46 Ministry of Human Resources 1,376.8 836.1 540.7
47 Ministry of Communications and Multimedia 1,806.1 1,288.4 517.7
48 Ministry of Women, Family and Community Development 1,986.9 1,873.3 113.6
60 Ministry of Defence 17,304.4 13,457.3 3,847.1
62 Ministry of Home Affairs 13,092.7 12,251.8 840.9
63 Ministry of Education 41,359.7 39,315.9 2,043.8
64 Ministry of Higher Education 13,378.3 11,767.1 1,611.2
70 Contingency fund 2,000.0 N/A 2,000.0
Total Functional Expenditure 215,448.0 163,448.0 52,000.0
Dependent Description Projected Actual
Expenditures Operating
Expenditures
Development
Expenditures
Expenditures
(1) Royal spending for the Yang di-Pertuan Agong 13.5 13.5 N/A
(2) Royal allowances 1.5 1.5
(3) Chief Justice, Chief Judges, Judges 90 90
(4) Auditor General 0.7 0.7
(5) Speaker of the Dewan Rakyat 1.6 1.6
(6) President of the Dewan Negara 1.8 1.8
(7) Election Commission 2.3 2.3
(8) Law Services Commission 0.05 0.05
(9) Public Services Commission 10.7 10.7
(10) Education Services Commission 5 5
(11) Police Force Commission 1.7 1.7
(12) Treasury 6,072.1 6,072.1
(13) Payment for public debt 26,639.4 26,639.4
(14) Pensions, retirement allowances and rewards 18,954.0 18,954.0
Total Dependent Expenditure 51,776.2 51,776.2 N/A
Grand Total Expenditure 267,224.0

Reactions

See also

References

External links

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