Pakatan Harapan’s inaugural Budget to be tabled on Nov 2

The Supply Bill 2019 will be deliberated by the elected lawmakers for 4 days at the policy stage

By P PREM KUMAR / Pic By HUSSEIN SHAHARUDDIN

THE Pakatan Harapan-led government’s maiden national budget for next year is expected to be tabled on Nov 2, 2018.

The Supply Bill 2019, or better known as Budget 2019, will be deliberated by the elected lawmakers for four days at the policy stage.

The Budget 2019 committee stage debates should be concluded and called for voting by Dec 6, 2018, sources told The Malaysian Reserve.

The sources also said the maiden Pakatan Harapan’s budget is expected to be tabled by Finance Minister Lim Guan Eng.

“The budget will see huge changes in priorities, with health and education getting more funds than the previous budget.

“Expectations are high on the new government to correct the wrong and to fulfil its manifesto. Steps to address the promises will be key priorities in the budget,” the sources said.

The Dewan Rakyat will convene meeting for 20 days between July 16 and Aug 16, followed by a 30-day sitting from Oct 15 to Dec 11. Meanwhile, the government is expected to table the mid-term review of the 11th Malaysia Plan (11MP) on Oct 18 in Dewan Rakyat.

Economic Affairs Minister Datuk Seri Mohamed Azmin Ali is expected to table the review report, followed by five days of debates by parliamentarians.

This would be the first time a mid-term review of the five-year plan be tabled in the Dewan Rakyat, the sources said.

The 11MP was tabled by former Prime Minister Datuk Seri Mohd Najib Razak in May 2015, unveiling a RM260 billion five-year master plan.

The master plan aims at elevating the country to become a developed economy by 2020, with a per capita income of US$15,000 (RM60,600), hardcore poverty eradicated and 45% of the population are middle-class citizens.

With six strategic thrusts, the 11MP targets RM236 billion in investments by 2020 and a creation of 470,000 jobs for its five economic corridors nationwide.

Among projects unveiled by Najib to be integral part of the 11MP was the Kuala Lumpur-Singapore highspeed rail, the creation of Malaysia’s Vision Valley (to resemble the Silicon Valley in US) and boosting the average household income of the bottom 40% of the population.