Malaysia Budget 2021
- Emily May
- Nov 20, 2020
- 2 min read
The federal budget is announced each year by the authorities to determine the economic conditions of the state budget and the full year's budget and special policy for next year. But what a budget really is, a budget is an estimate of income and expenditure that is reviewed at the earliest on a specific imminent and usually annual basis. On Sunday (November 12020), the federal government announced the allocation of 2021, which will reduce the burden on the people through the most difficult moments of the time. Malaysia Prime Minister Tan Sri Muhyiddin Yassin said the November 2021 budget would allocate large sums of money to state agencies, subsidize all citizens in the corporate sector, and businesses or industries would meet the pandemic of COVID-19. And to revive the country's economy. Tan Sri Muhyiddin Yassin also urged politicians to avoid political differences to ensure that the 2021 budget is authentic to the people and important to the state.
On Wednesday (November 18), the minister canceled the allotment of mental health under the 2021 budget. Datuk Sri Dr. Adham Adham Baba said in his speech, “In fact, a total of RM24 million was allocated for 2021 and it would accelerate mental health and facilities as well as improve the direction for mental health under the Ministry. Admission added that the Ministry of Mental Health has co-operated with other ministries, including the Ministry of Higher Education, the Ministry of Education and the Ministry of Women and Family Development. To promote health awareness and identify students facing such problems, the Ministry of Education's Healthy Mental Health (Minda Sihat Sekolah) included 2,440 secondary schools and 7,880 primary schools. " Later, the finance minister said the proposed tax incentives and relief in the 2021 budget show that the ministry prioritizes the well-being of citizens due to the pandemic of COVID-19. This is the largest budget in the history of Malaysia and people are confident. That is, the government will not make any agreement to save the people from the expected outbreak of COVID-19 pandemic





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