FULL Budget 2020 SpeechFRIDAY, 11 OCTOBER 2019DRIVING GROWTH AND EQUITABLE OUTCOMES TOWARDS SHARED PROSPERITYTan Sri Speaker Sir,1. For Budget 2020, we are happy to announce that the GITA and Green Income Tax Exemption (GITE) incentives will be extended to 2023. For 2020, the Government proposes to increase the fishermen allowance from RM200 to RM250 per month, with a total allocation of RM152 million for 2020. The 2020 Budget comprises Operating Expenditure of RM241 billion and Development Expenditure of RM56 billion. With the hosting of Asia-Pacific Economic Cooperation (APEC) 2020 by Malaysia, Malaysia is given a unique chance to reintroduce our beloved country to the world.

Source: The Edge Markets October 11, 2019 11:26 UTC