Federal Govt Budget RM297.02bil* Largest chunk or 45.1% will come from income tax; non-tax revenue 18.4%, borrowings 17.7%, indirect tax 15.9% and other direct tax 2.9%. * Of Federal Government revenue of RM244.53bil, tax revenue will account for RM189.95bil (up 5.5% from RM180.01bil) and non-tax revenue RM54.58bil (down 34.5% from RM83.29bil). Tax revenue, direct tax* Of the tax revenue, direct tax estimated at RM142.67bil, up 5.2% (RM135.64bil). * Non-tax revenue expected to fall by 34.5% to RM54.58bil (RM83.29bil). Petroleum-related revenue* Revenue to be RM50.50bil in line with average world crude price oil at US$62 per barrel.

Source: The Star October 11, 2019 07:18 UTC