Question
Below are some of the budget 2020 proposal presented by Ministry of Finance on 11 October 2019. i. Government allocates RM100 mil to Penang for
Below are some of the budget 2020 proposal presented by Ministry of Finance on 11 October 2019. i. Government allocates RM100 mil to Penang for the development of a cable car at Penang Hill. ii. Digital Service Tax will come into effect on Jan 1. This is expected to affect services like Netflix and Spotify, digital advertising offered by Google, and also digital software and games distribution companies such as Steam. iii. RM210 mil earmarked to accelerate deployment of new digital infrastructure for public buildings such as schools, industrial parks. iv. The government will also allocate RM50 mil for the development of a 100-acre site known as the Kota Perdana Special Border Economic Zone in Bukit Kayu Hitam in Kedah. (Source: The Star Online, 11 Oct 2019) Required: Determine the effect of each budget proposal stated in i-iv above to the relevant consolidated fund account.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started