Page 153 - Official Year Book 2020
P. 153
RD GOAL :
ECONOMIC RESILIENCE
STRATEGY 1 : Expansionary Budget
The Government decides that Measure 1 : Expenditure OFFICIAL YEAR BOOK 202 1490
Budget 2021 is an expansionary with High Multiplier Effect
budget
RM2.5 billion allocation for
Fiscal deficit for 2020 is contractors in Class G1 to G4
estimated to increase to 6% of ▶ To carry out small and medium
GDP compared to the original
target of 3.2% projects across the country
▶ Including additional RM200
The Government’s revenue for
2021 is expected to increase to million for maintenance
RM236.9 billion projects for Federal Roads
and RM50 million for
Total expenditure for 2021 is the maintenance of PPR houses
largest expenditure in history ▶ Extend flexibities accored
with a value of RM322.5 billion on procurement procedures
▶ RM236.5 billion for operating until 31 December 2021 to
expedite the implementation
expenditure of developmental projects
▶ RM69 billion for development
RM50 million allocation through
expenditure MARA as financing access to
▶ RM2 billion for Contingency construction contractors under
the Skim Pembiayaan Kontrak
Reserve Advance Warrant Ekspres, SPiKE
2021 fiscal deficit is projected at
the 5.4 % of GDP
ECONOMIC RESILIENCE
STRATEGY 1 : Expansionary Budget
The Government decides that Measure 1 : Expenditure OFFICIAL YEAR BOOK 202 1490
Budget 2021 is an expansionary with High Multiplier Effect
budget
RM2.5 billion allocation for
Fiscal deficit for 2020 is contractors in Class G1 to G4
estimated to increase to 6% of ▶ To carry out small and medium
GDP compared to the original
target of 3.2% projects across the country
▶ Including additional RM200
The Government’s revenue for
2021 is expected to increase to million for maintenance
RM236.9 billion projects for Federal Roads
and RM50 million for
Total expenditure for 2021 is the maintenance of PPR houses
largest expenditure in history ▶ Extend flexibities accored
with a value of RM322.5 billion on procurement procedures
▶ RM236.5 billion for operating until 31 December 2021 to
expedite the implementation
expenditure of developmental projects
▶ RM69 billion for development
RM50 million allocation through
expenditure MARA as financing access to
▶ RM2 billion for Contingency construction contractors under
the Skim Pembiayaan Kontrak
Reserve Advance Warrant Ekspres, SPiKE
2021 fiscal deficit is projected at
the 5.4 % of GDP
