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Political Economy of the Budgetary Process and Public Expenditure in Malaysia

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  • Tan Yee Shin
  • Mohamed Aslam

Abstract

A nation's ruling political party has the right to draft and implement economic policies, including budgetary policy. In the case of Malaysia, budget policy and expenditure is associated with medium- and long-term economic development plans, the current thinking behind economic policies, and any additional measures related to major economic events such as the impact of global economic crises. Also, the budget includes economic policies according to the ruling party's manifesto. Even though the allocation of the budget is the ruling government's privilege, the government's financial plans, spending, taxation and borrowing are subject to laws, rules and procedures. The ruling government cannot simply utilise economic resources for its particular political interests, as the discussion illustrates.

Suggested Citation

  • Tan Yee Shin & Mohamed Aslam, 2012. "Political Economy of the Budgetary Process and Public Expenditure in Malaysia," Asia Pacific Journal of Public Administration, Taylor & Francis Journals, vol. 34(2), pages 187-203, December.
    • Handle: RePEc:taf:rapaxx:v:34:y:2012:i:2:p:187-203
    DOI: 10.1080/23276665.2012.10779394
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    References listed on IDEAS

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    1. Goyal, Ashima, 2003. "Budgetary processes: a political economy perspective," MPRA Paper 27786, University Library of Munich, Germany.
    2. Poterba, James M. & von Hagen, Jurgen (ed.), 1999. "Fiscal Institutions and Fiscal Performance," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226676234, September.
    3. James M. Poterba & Jürgen von Hagen, 1999. "Fiscal Institutions and Fiscal Performance," NBER Books, National Bureau of Economic Research, Inc, number pote99-1.
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