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THE 2013 BUDGET

Ministry of Finance Malaysia

ISBN 978-983-99978-5-9

  

Text: Ministry of Finance Malaysia Federal Government Administrative Centre 62592 PUTRAJAYA Layout and Printed by: Percetakan Nasional Malaysia Berhad

Contents
Page
INTRODUCTION 2012 ECONOMIC PERFORMANCE AND 2013 PROSPECTS 2013 BUDGET ALLOCATION 2013 BUDGET FOCUS FIRST FOCUS: BOOSTING INVESTMENT ACTIVITY Promoting Domestic Investment Intensifying Small and Medium Enterprises Malaysia as Oil and Gas Hub Intensifying Tourism Enhancing Agricultural Activity Sustaining Food Security Safeguarding the Farmers and Fishermen Stimulating the Capital and Financial Markets Promoting Business Trust Corporate Wakaf Developing Bumiputera Entrepreneurs iii

2 4 5 6 6 7 7 9 10 10 11 11 13 14 16 17

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SECOND FOCUS: STRENGTHENING EDUCATION AND TRAINING Malaysia Education Blueprint 2013 – 2025 Strengthening the Role of Pre-Schools Skills and Training THIRD FOCUS: INCULCATING INNOVATION, INCREASING PRODUCTIVITY Intellectual Property as Collateral Research and Development Intensifying Venture Capital Investment by Angel Investors Encouraging Inclusive Innovation Green Technology Development FOURTH FOCUS: FISCAL CONSOLIDATION AND ENHANCING THE PUBLIC SERVICE DELIVERY Fiscal Consolidation Improving the Malaysian Armed Forces Scheme of Service FIFTH FOCUS: ENHANCING WELL-BEING OF THE RAKYAT Creating a Safe and Harmonious Neighbourhood iv

18 18 19 21

22 22 23 24 24 25

25

25 27

30 30

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Malaysian Anti-Corruption Commission Driving Community Transformation Urban Transformation Centre Rural Transformation Centre Development for Rural Areas and Orang Asli Community Health as the Essence to Well-Being Development of Women, Family and Community Youth and Sports Recognising Artistes Expanding Urban Public Transport Network Housing for Rakyat Revision of Real Property Gains Tax Tax Incentive for Revival of Abandoned Housing Projects Assistance and Incentives Bantuan Rakyat 1Malaysia Price Uniformity Scheme Facilitating Hajj Pilgrimage Tax Revision on Individual Income and Cooperatives Easing the Burden of Bus Operators Reducing Students’ Cost of Learning Broadband Programme for Urban Poor Promoting Corporate Social Responsibilities CONCLUSION v

32 33 33 34 34 35 36 37 39 40 40 42 43 43 44 46 46 47 48 48 50 50

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“ This is a people’s Government, from
the rakyat to the rakyat. The prosperity of the nation and the well-being of the rakyat is our ultimate objective.... Truly, we want Malaysia to be well known internationally, prosperous and peaceful. With His Blessings, and the support of the rakyat, we will make it a reality. To You, Allah we submit.” YAB Dato’ Sri Mohd Najib Tun Haji Abdul Razak Prime Minister and Minister of Finance Malaysia

vi

YAB Dato’ Sri Mohd Najib Tun Haji Abdul Razak Prime Minister and Minister of Finance Malaysia

vii

THE ECONOMY 2013
AT CONSTANT 2005 PRICES

IMPORTS OF SERVICES 8.3% AGRICULTURE 3.9% MINING 4.5% MANUFACTURING 13.5%

DOMESTIC PRODUCTION
EXPORTS OF SERVICES 7.4%

DOMESTIC DEMAND

PRIVATE CONSUMPTION 27.4%

CONSTRUCTION 1.9% RM1,457,276 million RM1,457,276 million

viii
SERVICES 29.8% EXPORTS OF GOODS 43.7%

PUBLIC CONSUMPTION 7.1% PRIVATE INVESTMENT1 8.4% PUBLIC INVESTMENT1 6.0%

IMPORTS OF GOODS 38.1%

IMPORTS

EXTERNAL DEMAND

Includes change in stocks. Source: Ministry of Finance, Malaysia.

1

THE FEDERAL GOVERNMENT BUDGET 2013
WHERE IT GOES

WHERE IT COMES FROM

BORROWINGS DEVELOPMENT EXPENDITURE
SOCIAL SERVICES 4.5% BORROWINGS AND USE OF GOVERNMENT'S ASSETS 18.9% ECONOMIC SERVICES 12.0%

GENERAL SECURITY ADMINISTRATION 1.8% 0.8% EMOLUMENTS 23.5%

INCOME TAXES 46.4%

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RM249,6671 million IMPORT DUTIES 0.9% OTHER EXPENDITURES 12.0% OTHER INDIRECT TAXES 13.0% SUBSIDIES 15.1% NON-TAX REVENUE AND OTHER TAXES 19.8%

EXPORT DUTIES 1.0%

RM249,667 2 million

DEBT SERVICE CHARGES 8.9%

PENSIONS AND GRATUITIES 5.4%...
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