Dewan Rakyat Passes Budget 2022 After Final Reading
Author Avatar
malaysia parliament
(Image: Malay Mail)

Dewan Rakyat has officially passed Budget 2022 with a majority voice vote after it was tabled and read for the third time.

The latest national budget – which was first tabled by Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz on 29 October – was passed after a 13-day debate at the committee stage starting from 22 November 2021. It was passed at the policy stage on 18 November 2021.

Budget 2022 is noted to be the largest in the nation’s history to date, with an allocation of RM332.1 billion. For comparison, Budget 2021 had an allocation of RM322.54 billion, and was also said to be the largest national budget in Malaysian history back then.

The government hopes to utilise Budget 2022 to implement various strategies and initiatives that will help the nation rise to its feet once more, following the severe economic repercussions from the Covid-19 pandemic. Of the total, approximately RM236.1 billion will be channelled to operating expenditures, RM69 billion to development expenditures, and RM17 billion to the Covid-19 Fund.

You can read about our coverage on Budget 2022 here, including key highlights such as the various financial aids and tax reliefs that will be offered in the following year.

(Sources: Malay Mail, The Star)

0 0 votes
Article Rating

SHARE

Comments (0)

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
Top Budget 2022 Articles
Post Image
New & Extended Tax Reliefs Introduced In Budget 2022
Alex Cheong Pui Yin
- 1st November 2021
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has tabled the national Budget for 2022 last Friday, proposing […]
Post Image
Govt Extends Special Individual Income Tax Relief For Domestic Travel To YA 2022
Sheu Quen
- 29th October 2021
Finance Minister Tengku Zafrul Aziz has announced that under Budget 2022, the government will extend the special individual […]
Post Image
Special Income Tax Relief For Lifestyle Expenses To Be Extended To December 2022
Alex Cheong Pui Yin
- 29th October 2021
During the tabling of Budget 2022, the government has proposed to extend the special tax relief of RM2,500 […]
Post Image
Budget 2022: Key Highlights To Know
Alex Cheong Pui Yin
- 29th October 2021
Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz has tabled the national Budget for the upcoming year at […]

Related articles

Related Posts Image
Related Posts Image

Budget 2022 Unanimously Passed By Dewan Negara

Jacie Tan -
2nd February 2021
Related Posts Image
Related Posts Image