KUALA LUMPUR: Finance Minister Lim Guan Eng says the 2020 Budget revenue projections have been stress-tested. It is very stress-tested," he told reporters at the 2020 Budget Forum, here today. Malaysia's real gross domestic product (GDP) is expected to grow 4.8 per cent in 2020, which is slightly stronger than the pace of 4.7 per cent expected this year. According to Economic Outlook 2020, Ministry of Finance (MoF) expects revenue of RM244.5 billion in 2020, down 7.1 per cent. Tax revenue is expected to rise to RM189.9 billion and non-tax revenue at RM54.6 billion.

Source: New Strait Times October 14, 2019 09:00 UTC