Malaysia: Government expenditure
* indicates monthly or quarterly data series
The most recent value is 56.16 billion Malaysian Ringgit as of Q3 2024, an increase compared to the previous value of 51.75 billion Malaysian Ringgit. Historically, the average for Malaysia from Q1 2007 to Q3 2024 is 37.74 billion Malaysian Ringgit. The minimum of 14.09 billion Malaysian Ringgit was recorded in Q1 2007, while the maximum of 68.59 billion Malaysian Ringgit was reached in Q4 2023.
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* indicates monthly or quarterly data series
- Measure: billion Malaysian Ringgit
- Source: Department of Statistics Malaysia
| Recent values | Malaysia: Government expenditure, billion currency units |
|---|---|
| 2024 Q3 | 56.16 |
| 2024 Q2 | 51.75 |
| 2024 Q1 | 51.92 |
| 2023 Q4 | 68.59 |
| 2023 Q3 | 52.56 |
| 2023 Q2 | 49.08 |
| 2023 Q1 | 47.59 |
| 2022 Q4 | 63.78 |
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Definition: Total spending by all levels of government but excluding public enterprises.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 12.05 | 2023 | percent |
| Government spending, in dollars | 48.15 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -5.00 | 2023 | percent |
| Government debt | 64.30 | 2023 | percent |
| Government expenditure | 56.16 | Q3/2024 | billion |
| Tax revenue | 11.65 | 2022 | percent |
| Commercial tax rate | 38.70 | 2019 | percent |
| Tax preparation time | 174 | 2019 | hours |
| Number of taxes | 9 | 2019 | taxes |
| Taxes on goods and services | 19.54 | 2022 | percent |
| Taxes on international trade | 1.98 | 2022 | percent |
| Income and profits taxes | 47.33 | 2022 | percent |
| Foreign aid | 4.89 | 2022 | million U.S. dollars |