Budget 2014 Malaysia will be announced in Parliament on the 25th October 2013, said Prime Minister Datuk Seri Najib Tun Razak.
A Fiscal Policy Committee will be set up to reduce fiscal deficit, strengthening public finances & also ensuring nation’s long term fiscal sustainability. The Committee will include selected Cabinet Ministers & head of departments.
The government has the objective to reduce fiscal deficit further, from 4.5% of the Gross Domestic Product (GDP) last year to 4% this year.
Members of the public have been urged to give their views and proposals on Budget 2014 via email, memorandum or letter to the Finance Ministry. The Budget Malaysia 2014 is expected to be tabled in Parliament this October 2013.
See also the previous Budget 2013 Highlights