Malaysia Government Budget

Malaysia recorded a Government Budget deficit equal to 3.90 percent of the country's Gross Domestic Product in 2013. Government Budget in Malaysia is reported by the Ministry of Finance Malaysia. Government Budget in Malaysia averaged -2.93 Percent of GDP from 1988 until 2013, reaching an all time high of 2.40 Percent of GDP in 1997 and a record low of -6.70 Percent of GDP in 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Malaysia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-3.90 -4.50 2.40 -6.70 -3.67 | 2014/06 1988 - 2013 Percent of GDP Yearly

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Malaysia Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Budget Value 2259.90 2013-11-15 3576.60 11959.00 -6855.50 4627.02 2014-03-31 MYR Million [+]
Government Spending 35481.00 2013-11-15 24556.00 35481.00 12420.00 31259.36 2014-03-31 MYR Million [+]
Government Debt To GDP 53.10 2012-12-31 52.50 79.50 31.80 54.04 2014-06-30 Percent [+]
Credit Rating 66.50 [+]
Government Budget -3.90 2013-12-31 -4.50 2.40 -6.70 -3.67 2014-06-30 Percent of GDP [+]
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Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Malaysian Trade Surplus Widens To Highest in Nearly 2 Years  
Trade surplus in Malaysia increased to MYR 10.4 billion in February of 2014, up from MYR 8.2 billion a year earlier. Exports expanded at a double-digit 12.3 percent on the year due to a strong rise in electronic sales, liquefied natural gas products and machinery. Imports increased 9.5 percent.
Malaysian Inflation Rate Rises Further in February  
Malaysian annual inflation rate accelerated for the sixth consecutive month to 3.5 percent, the highest in 32 months, due to higher housing utilities and transport cost.
Malaysia Trade Surplus Widens 94% in January over a Year Earlier  
In the first month of 2014, Malaysian trade deficit increased to MYR 6.4 billion from MYR 3.2 billion a year earlier due to higher trade with China and the European Union.
Malaysian Central Bank Leaves Benchmark Rate on Hold at 3%  
In its March 6th, 2014 meeting, Bank Negara Malaysia left the overnight policy rate unchanged at 3 percent as widely expected, reiterating that a slowdown in domestic spending will contain the inflation rate.
Malaysia Inflation Rate Edges Up to 27-Month High  
In January of 2014, Malaysian annual inflation rate accelerated for the fifth consecutive month to 3.4 percent, the highest rate since October of 2011, due to higher food, transport and electricity prices.
Malaysian GDP Accelerates in Q4 2013  
In the last quarter of 2013, Malaysian economy expanded at a faster pace of 2.1 percent over the previous quarter, up from 1.7 percent in the previous three-month period. Full 2013 growth rate decelerated to 4.7 percent, from 5.6 percent in 2012.
Malaysia GDP Expands 5.1% in Q4 2013  
In the fourth quarter of 2013, Malaysian economy accelerated to an annual growth rate of 5.1 percent, the fastest pace in the last four quarters, supported by private sector demand and an improvement in exports.
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In December of 2013, Malaysian trade surplus decreased slightly top MYR 9.47 billion, from MYR 9.7 billion in November. Yet, compared with the same month last year, the surplus widened from MYR 8.46 billion, as exports surged 14.4 percent.
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In its January 29th, 2014 meeting, Bank Negara Malaysia decided to leave the overnight policy rate unchanged at 3 percent, saying that inflationary pressures are expected to be tempered by a slow down in domestic demand.
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