The entire Malaysian population has been waiting with bated breath for the announcement of Budget 2020.
At 4PM on 11 October 2019, it finally aired online.
Based on our Finance Minister, Lim Guan Eng’s, tabling of Budget 2020, here’s what we found would be relevant to entrepreneurs and SMEs in the country.
In total, RM297 billion will be allocated for Budget 2020, less than the RM314.5 billion that was allocated for Budget 2019.
RM241 billion of the total will be given to operational expenditure, and RM56 billion will be dedicated to developmental expenditure.
In Support Of Entrepreneurship
SME Bank will dedicate RM200 million to women entrepreneurs and RM300 million to support SMEs with the potential to become regional champions.
To support bumiputera entrepreneurship development, RM445 million will be allocated to improve access to financing, business premises preparation, and entrepreneurial training.
This can be broken down into:
RM150 million for all entrepreneurship…
This is only a snippet of a Lifestyle article written by Sade Dayangku
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