Malaysia: Parliament passes budget for 2022, more than RM330 billion allocated

Pedestrians cross a road in front of Malaysia’s landmark Petronas Twin Towers in Kuala Lumpur on Jan 12, 2021. (Photo: AFP/Mohd Rasfan)

KUALA LUMPUR: Malaysia’s parliament passed the budget for 2022 on Monday (Dec 13) after a majority vote. 

The Bill, which is the first budget under the government led by Malaysian Prime Minster Ismail Sabri Yaakob, was passed after it was debated at the committee stage for 13 days, starting from Nov 22. 

The budget was tabled by Malaysian Finance Minister Tengku Zafrul Tengku Abdul Aziz on Oct 29, with a total of RM332.1 billion allocated. This is Malaysia’s largest allocation, up from RM320.6 billion in 2021. Malaysia’s projected revenue for 2022 was set at RM234 billion.

The budget was approved at the policy stage on Nov 18.

Malaysia’s finance minister previously said that the Health Ministry has been allocated RM32.4 billion for its expenses, as the country prepares to enter the COVID-19 endemic phase. 

An additional RM4 billion has been set aside to combat COVID-19, with RM2 billion to fund the vaccination programmes and the remaining RM2 billion to enhance the capacity of public health service facilities.

Source & Continue reading: Malaysia parliament passes budget for 2022, more than RM330 billion allocated – CNA (channelnewsasia.com)