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Here’s how we did for Budget 2020
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Petronas paid the federal government RM54 billion in dividends.
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Petroleum and gas royalties bring in another RM6 billion.
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Oh, and another RM18 billion from petroleum taxes.
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In total, that’s 29.7% of our federal revenue.
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In comparison, Malaysians paid RM35 billion in income tax.
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Companies paid RM70 billion.
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Indirect taxes contributed RM41 billion. This includes export duties, sales tax, service tax, excise duties, etc.
Income tax14.5%
Others14.5%
Company income tax26.8%
Petroleum29.7%
Indirect tax14.5%
RM68 billion
for the Ministry of Finance
RM59 billion
for education
RM28 billion
for public healthcare
RM250 billion PRIHATIN Rakyat
RM35 billion PENJANA
RM10 billion Kita Prihatin
Visit our special micro-site for more updates and information about Budget 2021
Created by:
October 2020
Source
https://www.treasury.gov.my/index.php/en/economy/economic-data.html
https://www.treasury.gov.my/pdf/budget/budget_info/2020/revenue/section2.pdf
https://www.bnm.gov.my/ar2019/files/emr2019_en_ch2.pdf
https://sites.thestar.com.my/budget2020/visual-story.aspx
