Modernizing the Budget System: the Malaysian Experience

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Category: Budget
Published: Tuesday, 26 August 2008 01:12
Posted by Doh Joon-Chien

Programme and performance budgeting (PPB) was first introduced in Malaysia in 1969 and experience with operating and developing the system carries lessons for other countries. The initial introduction under the influence of external advisers, involved treating PPB as a mechanical exercise in which right procedures had to be followed. From 1972 the strategy changed to making the system serve to assist with utilizing and managing resources more efficiently in relation to programme objectives. The successful development of the system agency by agency points first to the importance of local rather than foreign expertise; second, to the need for the agency head to be committed and involved, rather than leave the introduction and management of the system to lower level experts; and third to the significance of the leadership role of the Treasury.

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Budgeting as an Instrument of Development: The Malaysian Experience

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Category: Budget
Published: Tuesday, 26 August 2008 00:56
Posted by Doh, Joon-Chien

In a country in which the national budget constitutes a substantial percentage of the GNP, over time the policy decisions on both revenues and expenditures have far reaching implications for the well-being of the people and their economy. Taxation measures, including the grant of tax incentives to specific types of industries, have an important effect on the pattern of development in the economy. On the expenditure side, budget allocation decisions in relation to the choice of programs and their beneficiaries have a significant impact on equity, economic growth, employment, manpower development, and the standard of living for the masses. In short, whether the financial policies embodied in the budget of a country relate to revenue measures or expenditure programs, by virtue of its size and impact, budgeting has implications for all.

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Malaysia's 2008 Budget: Much ado about Nothing?

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Category: Budget
Published: Wednesday, 04 June 2008 22:19
Posted by Liew, Chin Tong

The almost USD 50 billion budget is the costliest ever in Malaysia's five decades of independence. It is 10.9% higher than the previous one and nearly three times that of the 1998 budget (not accounting for inflation).   Publication: Opinion Asia, 10 Sep 2007.  Author:  Liew, Chin Tong. 

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The Need To Step Up Fiscal Stimulus

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Category: Budget
Published: Thursday, 15 May 2008 21:44

Understandably, all eyes are on the forthcoming budget to be unveiled on 1 September. The government has been pursuing a pragmatic fiscal policy in recent years, with deficit budgets to stimulate the economy, in the aftermath of the 1997/98 financial crisis. What makes this fiscal policy all the more palatable is that the deficits have not only been kept within manageable limits but also been downsized gradually with a view to eventually balancing the books. Publication: MIERScan, 21 August 2006.

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