The 2017 Federal Government Budget of Malaysia obtained most of its revenue from income taxes (43.1%) and indirect taxes like sales tax (22.9%). It spent most of its budget on emoluments or salaries for public servants (29.7%), supplies and services (12.3%), debt service charges (11.1%), and economic development (9.9%). The budget also allocated funds for social security (8.6%), retirement benefits for public servants (8.3%), and subsidies and social assistance (4.7%).
The 2017 Federal Government Budget of Malaysia obtained most of its revenue from income taxes (43.1%) and indirect taxes like sales tax (22.9%). It spent most of its budget on emoluments or salaries for public servants (29.7%), supplies and services (12.3%), debt service charges (11.1%), and economic development (9.9%). The budget also allocated funds for social security (8.6%), retirement benefits for public servants (8.3%), and subsidies and social assistance (4.7%).
The 2017 Federal Government Budget of Malaysia obtained most of its revenue from income taxes (43.1%) and indirect taxes like sales tax (22.9%). It spent most of its budget on emoluments or salaries for public servants (29.7%), supplies and services (12.3%), debt service charges (11.1%), and economic development (9.9%). The budget also allocated funds for social security (8.6%), retirement benefits for public servants (8.3%), and subsidies and social assistance (4.7%).
OF GOVERNMENT'S ASSETS SOCIAL 2.0% GENERAL EXPENDITURE 4.7% ADMINISTRATION 15.8% 1.0% ECONOMIC 9.9% EMOLUMENTS 29.7% INCOME TAX 43.1% OTHER 1 RM260,800 EXPENDITURE RM260,800 million1 INDIRECT 9.3% million TAX 22.9% SUBSIDIES AND SOCIAL ASSISTANCE 8.6% DEBT SERVICE CHARGES 11.1% GRANTS AND TRANSFERS TO OTHER DIRECT TAX NON-TAX REVENUE STATE GOVERNMENTS RETIREMENT SUPPLIES AND OPERATING 3.2% 15.0% 3.1% CHARGES SERVICES EXPENDITURE 8.3% 12.3%