ARTICLE · 29 FEBRUARY 2016

Take 5: Issue 3 - Malaysia Budget 2016

Ernst & Young

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Budget 2016 is the first Budget to be announced during the implementation period of Malaysia's 11th Malaysia Plan (2016-2020).

MalaysiaGovernment, Public Sector

Amarjeet Singh

Chow Hoe

Anil Puri

Farah Rosley

Azwan Baharuddin

Bernard Yap

Simon Yeoh

Theme

Prospering the rakyat

Budget 2016 is the first Budget to be announced during the implementation period of Malaysia's 11th Malaysia Plan (2016-2020).

Amid a challenging environment, Budget 2016 proposes five strategies in its attempt to balance Malaysia's economic demands and her people's welfare needs.

Fiscal consolidation is on-track as the Government targets to reduce its budget deficit to 3.1% of GDP.

5 Main strategies

1. Strengthening economic resilience

2. Ensuring inclusiveness

3. Empowering human capital

4. Enhancing productivity, innovation and green technology

5. Safeguarding the well-being of the rakyat

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