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The federal budget includes the government's estimates of revenue, government spending and also outline new policy initiatives. Federal budgets are usually released in October, before

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The federal budget includes the government's estimates of revenue, government spending and also outline new policy initiatives. Federal budgets are usually released in October, before the start of the fiscal year. In addition, all Malaysian states will present their budgets after Federal's budget are released and approved by the Government. This is because state finance are dependent on money from the Federal Government.Discuss the budget process and the role of central agencies in the budgeting framework.

[25 Mark]

Question 3 The federal budget includes the government's estimates of revenue, government spending and also outline new policy initiatives. Federal budgets are usually released in October, before the start of the fiscal year. In addition, all Malaysian states will present their budgets after Federal's budget are released and approved by the Government. This is because state finance are dependent on money from the Federal Government. Discuss the budget process and the role of central agencies in the budgeting framework. [25 Mark]

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