Government Spending in Malaysia decreased to 42895 MYR Million in the first quarter of 2021 from 55940 MYR Million in the fourth quarter of 2020. source: Department of Statistics, Malaysia

Government Spending in Malaysia averaged 30870.05 MYR Million from 2005 until 2021, reaching an all time high of 55940 MYR Million in the fourth quarter of 2020 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. Malaysia Government Spending - values, historical data and charts - was last updated on July of 2021.

Government Spending in Malaysia is expected to be 44400.00 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 45211.00 in 12 months time. In the long-term, the Malaysia Government Spending is projected to trend around 61959.00 MYR Million in 2022 and 65057.00 MYR Million in 2023, according to our econometric models.

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Malaysia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
42895.00 55940.00 55940.00 12420.00 2005 - 2021 MYR Million Quarterly
Constant 2015 Prices, NSA

Malaysia Government Last Previous Highest Lowest Unit
Government Debt to GDP 60.70 52.70 80.74 31.80 percent of GDP [+]
Government Budget -3.20 -3.40 2.40 -6.70 percent of GDP [+]
Government Budget Value -12673.30 23160.00 23160.00 -17215.10 MYR Million [+]
Government Spending 42895.00 55940.00 55940.00 12420.00 MYR Million [+]
Government Revenues 49527.20 76902.00 76902.00 2735.00 MYR Million [+]
Fiscal Expenditure 62200.50 53742.00 69772.40 2759.00 MYR Million [+]
Credit Rating 70.00 [+]
Military Expenditure 3910.00 3769.00 4605.00 179.00 USD Million [+]

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.