Malaysia
Budget 2020: Putrajaya predicts salaries to go up next year
Members of the media gather in Parliament for the tabling of Budget 2020 on October 11, 2019. u00e2u20acu201d Picture by Miera Zulyana

KUALA LUMPUR, Oct 11 — Per capita income is set to climb up by nearly RM2,000 to RM47,155 annually, according to the government’s forecast.

This would account for a 4.4 percentage point increase, although still lower than the previous year. Annual per capita income in 2018 was RM45,186, a 4.9 percentage point change from 2017.

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The forecast was released as part of next year’s economic outlook.

Gross national income, fixed at a constant 2015 prices, is expected to rise by 4.7 per cent to RM1.46 trillion compared to RM1.39 trillion the previous year.

The government announced a forecast of 4.8 per cent growth in GDP for 2020, a single percentage point increase from this year.

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