Government Spending in Malaysia increased to 54425 MYR Million in the fourth quarter of 2019 from 40557 MYR Million in the third quarter of 2019. Malaysia Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Malaysia averaged 29721.75 MYR Million from 2005 until 2019, reaching an all time high of 54425 MYR Million in the fourth quarter of 2019 and a record low of 12420 MYR Million in the first quarter of 2005. This page provides - Malaysia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Department of Statistics, Malaysia

Government Spending in Malaysia is expected to be 39020.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Malaysia to stand at 42342.00 in 12 months time. In the long-term, the Malaysia Government Spending is projected to trend around 44332.00 MYR Million in 2021 and 46326.00 MYR Million in 2022, according to our econometric models.

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Malaysia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
54425.00 40557.00 54425.00 12420.00 2005 - 2019 MYR Million Quarterly
Constant 2015 Prices, NSA

Malaysia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.