Supply Bill 2015 | |
---|---|
Presented | 10 October 2014 |
Parliament | 13th |
Party | Barisan Nasional |
Finance minister | Najib Razak |
Treasurer | Ministry of Finance |
Total revenue | MYR235.2 billion |
Total expenditures | MYR273.9 billion |
Program Spending | MYR50.5 billion |
Debt payment | MYR24.4 billion |
Deficit | MYR35.7 billion (3.0% of GDP) |
Debt | MYR568.9 billion (52.8% of GDP) |
GDP | MYR876.4 billion (5.0-6.0%) |
Website | www |
‹ 2014 2016 › |
The Malaysian federal budget for 2015 fiscal year was presented to the Dewan Rakyat by Prime Minister and Minister of Finance, Najib Razak on Friday, 10 October 2014.
Following are the highlights of the 2015 Budget themed, "BUDGET 2015: PEOPLE ECONOMY", which was tabled by Prime Minister Najib Razak in Parliament.
(In million MYR )
Source | Projected Revenues | % of Total Projected Revenues | Actual Revenues |
---|---|---|---|
Direct tax
| 135,646
| 57.7%
| |
Indirect tax
| 47,732
| 20.3%
| |
Non-tax revenue
| 49,813
| 21.2%
| |
Non-revenue receipts | 1,251 | 0.5% | |
Federal territories revenue | 777 | 0.3% | |
Grand Total Revenue | 235,219 |
These tables are in million MYR.
Description | Projected Expenditures | Actual Expenditures |
---|---|---|
Operating expenditures | ||
Emoluments | 65,651.7 | |
Supplies and services | 38,098.8 | |
Assets | 1,456.8 | |
Fixed Charges and Grants | 116,417.6 | |
Other Expenditures | 1,815.1 | |
Total Operating Expenditure | 223,440.0 | |
Development expenditures | ||
Direct Grant | 45,614.3 | |
Loans | 2,885.7 | |
Contingencies Reserve | 2,000.0 | |
Total Development Expenditure | 50,500.0 | |
Grand Total Expenditure | 273,940.0 |
Official sources [ permanent dead link ]
These tables are in million MYR. The budget for the 2015 fiscal year (also demonstrating the basic budget structure) can be found below. [1]
Function | Description | Projected | Actual | ||
---|---|---|---|---|---|
Expenditures | Operating Expenditures | Development Expenditures | Expenditures | ||
1 | Parliament | 89.1 | 89.1 | — | |
2 | Office of the Keeper of the Rulers' Seal | 2.3 | 2.3 | — | |
3 | National Audit Department | 164.7 | 164.7 | — | |
4 | Election Commission | 73.9 | 73.9 | — | |
5 | Public Services Commission | 50.6 | 50.6 | — | |
6 | Prime Minister's Department | 19,060.0 | 6,025.2 | 13,034.8 | |
7 | Public Service Department | 2,710.7 | 2,670.1 | 40.5 | |
8 | Attorney General Chambers | 202.2 | 202.2 | — | |
9 | Malaysian Anti-Corruption Commission | 294.3 | 294.3 | — | |
10 | Treasury | 4,376.8 | 3,427.3 | 949.5 | |
11 | Treasury General Services | 32,815.8 | 32,815.8 | — | |
12 | Contribution to Statutory Funds | 2,053.8 | 2,053.8 | — | |
13 | Ministry of Foreign Affairs | 916.9 | 761.8 | 155.1 | |
20 | Ministry of Plantation Industries and Commodities | 1,658.8 | 1,237.8 | 421.0 | |
21 | Ministry of Agriculture and Agro-based Industry | 6,065.0 | 4,284.3 | 1,780.8 | |
22 | Ministry of Rural and Regional Development | 10,507.8 | 5,982.3 | 4,525.5 | |
23 | Ministry of Natural Resources and Environment | 2,686.1 | 1,101.9 | 1,584.2 | |
24 | Ministry of International Trade and Industry | 1,302.6 | 586.7 | 716.0 | |
25 | Ministry of Domestic Trade, Co-operatives and Consumerism | 979.0 | 947.0 | 32.0 | |
27 | Ministry of Works | 5,950.8 | 2,112.6 | 3,838.2 | |
28 | Ministry of Transport | 4,603.0 | 1,256.2 | 3,346.8 | |
29 | Ministry of Energy, Green Technology and Water | 2,866.5 | 281.0 | 2,585.6 | |
30 | Ministry of Science, Technology and Innovation | 1,337.6 | 727.1 | 610.6 | |
31 | Ministry of Tourism and Culture | 1,505.2 | 1,187.6 | 317.6 | |
32 | Ministry of the Federal Territories | 1,137.4 | 427.4 | 710.0 | |
40 | Education Service Commission | 16.6 | 16.6 | — | |
42 | Ministry of Health | 23,311.9 | 21,714.2 | 1,597.7 | |
43 | Ministry of Urban Wellbeing, Housing and Local Government | 4,571.6 | 2,556.5 | 2,015.1 | |
45 | Ministry of Youth and Sports | 949.9 | 534.8 | 415.1 | |
46 | Ministry of Human Resources | 1,395.8 | 801.8 | 594.0 | |
47 | Ministry of Communications and Multimedia | 1,737.8 | 1,385.1 | 352.7 | |
48 | Ministry of Women, Family and Community Development | 2,247.2 | 2,044.6 | 202.6 | |
60 | Ministry of Defence | 17,763.0 | 14,144.8 | 3,618.2 | |
62 | Ministry of Home Affairs | 13,393.7 | 12,611.2 | 782.5 | |
63 | Ministry of Education | 40,838.3 | 39,211.4 | 1,636.9 | |
64 | Ministry of Higher Education | 15,784.8 | 13,147.6 | 2,637.2 | |
70 | Contingency fund | 2,000.0 | — | 2,000.0 | |
Total Functional Expenditure | 230,431.7 | 179,931.7 | 50,500.0 | ||
Dependent | Description | Projected | Actual | ||
Expenditures | Operating Expenditures | Development Expenditures | Expenditures | ||
(1) | Royal spending for the Yang di-Pertuan Agong | 13.5 | 13.5 | — | |
(2) | Royal allowances | 1.8 | 1.8 | ||
(3) | Chief Justice, Chief Judges, Judges | 90 | 90 | ||
(4) | Auditor General | 1.3 | 1.3 | ||
(5) | Speaker of the Dewan Rakyat | 1.3 | 1.3 | ||
(6) | President of the Dewan Negara | 1.3 | 1.3 | ||
(7) | Election Commission | 1.4 | 1.4 | ||
(8) | Law Services Commission | 0.05 | 0.05 | ||
(9) | Public Services Commission | 10.7 | 10.7 | ||
(10) | Education Services Commission | 3.9 | 3.9 | ||
(11) | Police Force Commission | 1.5 | 1.5 | ||
(12) | Treasury | 6,072.1 | 6,302.3 | ||
(13) | Payment for public debt | 24,379.3 | 24,379.3 | ||
(14) | Pensions, retirement allowances and rewards | 15,700.0 | 15,700.0 | ||
Total Dependent Expenditure | 46,508.3 | 46,508.3 | — | ||
Grand Total Expenditure | 273,940.0 |
On 23 March 2015, the Government tabled a supplementary supply bill to augment its Budget 2015 by an additional RM2.2 billion, some two months after the prime minister revised this. The Bill was tabled for the first reading after question time today by Deputy Finance Minister Chua Tee Yong. The bulk of the requested amount — RM1.2 billion — will be channelled to the Treasury's consolidated fund, while the Education Ministry will be allocated with RM428 million. The Public Services Department will receive RM287 million and the Health Ministry, RM200 million. The Federal Territories Ministry and the Home Ministry will respectively get RM34 million and RM26 million. The Dewan Rakyat approved the Supplementary Supply Bill (2014) 2015 after it was debated at the committee level on 1 April 2015. The bill allocated a supplementary financial allocation of RM2,223,520,310 to several ministries as additional management expenditure for services. [2] [3]
Last year, Prime Minister Datuk Seri Najib Razak tabled a budget of RM273.9 billion, an increase of RM9.8 billion from 2014. He revised this in January following a sharp drop in global crude oil price and the devastating flood that ravaged the east coast states in the country. Despite announcing cuts to operating expenditure that could trim RM5.5 billion from government spending, Najib maintained that allocations for development totalling RM48.5 billion will be maintained. [4]
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