As the first federal budget to be announced by the new administration, NEM Foundation and its subsidiary NEM Malaysia put in their comments on the matter.
Budget 2019 demonstrated the Government’s desire to restore Malaysia’s status as an “Asian Tiger”, but remain focused on institutional reforms, accelerating the nation’s economy, while at the same time prioritising the people's wellbeing.
Just as the Government aspires to “reshape the administration of this nation in a more developed, competitive and transparent manner”, NEM’s charter is to support organisations to improve transparency, prevent fraud and establish trust in their operations through blockchain technology.
The Budget 2019 carries the theme of "Credible Malaysia, Dynamic Economy, Prosperous Rakyat".
Tabled by Finance Minister Lim Guan Eng earlier today, it focuses on institutional reforms, the people's wellbeing and promotion of entrepreneurial culture to recapture Malaysia's "Economic Tiger" status.
Budget 2019 which was tabled earlier today by Finance Minister Lim Guan Eng has allocated RM314.5 billion for expenditure compared to RM290.4 billion in 2018.
Of that amount, the Education Ministry received the biggest allocation amounting to RM60.2 billion, or 19.1% of total Government expenditures of 2019.