The 2015 Budget was tabled by the Prime Minister and Finance
Minister, Dato Sri Najib Tun Razak on 10 October 2014. There are no
major surprises in the budget as the main focus is in the impending
implementation of the Goods and Services Tax (GST) on 1 April,
2015.
This is the last budget under the 10th Malaysia Plan. The budget addresses key
issues to promote fiscal sustainability, accelerating growth and
prospering the Rakyat (people) thus placing the nation on firmer
growth path towards Vision
2020.
The budget announced the increase in development expenditure to
4.1% of GDP up from 3.9% in 2014, bucking the declining trend of
past five years. The majority of these expenditures will be
concentrated on mega infrastructure projects in line with the 11th
Malaysia Plan and New Economic Model goals of making the economy
more sustainable, competitive and investment-friendly towards
achieving developed nation status. Accordingly, a new Malaysian National Development
