2016 Malaysian federal budget
| Supply 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 |
|
‹ 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[permanent dead link]
(In million MYR)
| Source | Projected Revenues[1] | % of Total Projected Revenues |
Actual Revenues |
|---|---|---|---|
Direct tax
|
125,566
|
55.6%
|
|
Indirect tax
|
57,987
|
25.7%
|
|
Non-tax revenue
|
39,648
|
17.6%
|
|
| Non-revenue receipts | 1,504 | 0.7% | |
| Revenue from Federal Territories | 951 | 0.4% | |
| Grand Total Revenue | 225,656 |
Expenditures by object
Official sources[permanent dead link]
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[permanent dead link]
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 | — | |
| 2 | Office of the Keeper of the Rulers' Seal | 2.1 | 2.1 | — | |
| 3 | National Audit Department | 163.8 | 163.8 | — | |
| 4 | Election Commission | 150.6 | 150.6 | — | |
| 5 | Public Services Commission | 47.4 | 47.4 | — | |
| 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 | — | |
| 9 | Malaysian Anti-Corruption Commission | 251.8 | 251.8 | — | |
| 10 | Treasury | 4,477.2 | 3,626.0 | 851.3 | |
| 11 | Treasury General Services | 25,885.9 | 25,885.9 | — | |
| 12 | Contribution to Statutory Funds | 1,883.8 | 1,883.8 | — | |
| 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 | — | |
| 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 | — | 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 | — | |
| (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 | — | ||
| Grand Total Expenditure | 267,224.0 | ||||
Reactions
- Maria Chin Abdullah - The Bersih chairperson urged all opposition MPs to vote down the government's 2016 budget to oust Prime Minister Najib Razak.[3][4]
- Pandikar Amin Mulia - The Speaker of the Dewan Rakyat said the opposition should submit a list of MPs willing to support a motion of no confidence against the Prime Minister to establish if the move had enough traction for a debate. Pandikar also said the list would give him leverage to pressure Putrajaya to agree to having the motion tabled and debated, especially if the numbers go beyond the 89 seats occupied by the opposition. [5]
- Shahrir Abdul Samad - The Barisan Nasional Backbenchers Club (BNBBC) chairman said if the budget, to be tabled by Najib, failed to be passed in the Dewan Rakyat, the prime minister would automatically have to relinquish his post. "If the budget is not passed, there is no government, no finances. How will the government carry out its administration without paying salaries and allocations?", Shahrir said. [6]
See also
References
- ^ "www.treasury.gov.my" (PDF). Retrieved 24 October 2015.
- ^ "www.treasury.gov.my" (PDF). Retrieved 23 October 2015.
- ^ "Bersih slams Pakatan Harapan, urges all MPs to vote down Budget 2016 - The Malaysian Insider". Retrieved 21 October 2015.
- ^ "Bersih selar Pakatan Harapan, gesa semua ahli Parlimen jangan sokong Bajet 2016 - The Malaysian Insider". Retrieved 21 October 2015.
- ^ "Prove you have the numbers before submitting no confidence motion, Speaker says | Malaysia | Malay Mail Online". Retrieved 21 October 2015.
- ^ "Just use budget vote to oust Najib, veteran BN lawmaker tells opposition | The Edge Markets". Retrieved 21 October 2015.