Malaysia approves budget estimates for 2020

VNA
The Dewan Negara – the upper house of the Malaysian Parliament – has approved the Supply Bill (Budget) 2020, which has allocated 297 billion RM for the year’s expenditure.

The Dewan Negara – the upper house of the Malaysian Parliament – has approved the Supply Bill (Budget) 2020, which has allocated 297 billion RM (around 71.7 billion USD) for the year’s expenditure (Photo: www.intheblack.com)

The Dewan Negara – the upper house of the Malaysian Parliament – has approved the Supply Bill (Budget) 2020, which has allocated 297 billion RM (around 71.7 billion USD) for the year’s expenditure (Photo: www.intheblack.com)

Deputy president of the senate Datuk Halim Abdul Samad announced the decision late on December 17.
The bill was unanimously approved by members of the senate after it was debated for four days starting from December 9, which was followed by two days of winding up by each ministry which ended last night.
Earlier, the Supply Bill 2020 was tabled by Deputy Finance Minister Datuk Ir. Amiruddin Hamzah for the third reading and supported by Deputy Defence Minister Liew Chin Tong.
Of the sum, 81.1 percent or 241 billion RM is for operating expenditure (OE) while the balance of 56 billion RM is for development expenditure (DE).

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