KUALA LUMPUR: A total of RM297 billion or 18.4 per cent of the gross domestic product (GDP) will be allocated for Budget 2020, out of which 81.1 per cent or RM241 billion is for operating expenditure (OE) while the balance of RM56 billion is for development expenditure (DE). The top three recipients are the Ministry of Education, MoF and Ministry of Health with an estimated allocation of RM64.1 billion, RM37.8 billion and RM30.6 billion, respectively, constituting 44.6 per cent of total expenditure. The OE allocation for 2020 is an increase of seven per cent from the RM225.3 billion allocation in 2019 after excluding a one-off tax refund allocation of RM37 billion. “The transport subsector remains the largest beneficiary constituting 21.8 per cent or RM12.2 billion of the total DE,” it said. The security sector comprising defence and internal security, will be allocated RM6.6 billion out of the total DE, whereby RM3.2 billion will be distributed to the defence subsector and RM3.4 billion for the internal security subsector.

Source: New Strait Times October 11, 2019 08:37 UTC