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Our Work

Research and analysis shaping Malaysia’s fiscal policy conversations

Federal revenue composition analysis
Revenue Analysis

Federal Revenue Composition Mapping

We analyzed 15 years of Malaysia’s federal revenue data to map how tax income, non-tax revenues, and petroleum contributions have shifted. Our findings showed petroleum income’s declining share from 28% to 12%, highlighting the urgency of diversification strategies for fiscal sustainability.

2023 National scope
Development expenditure allocation study
Expenditure Planning

Development Expenditure Evaluation

Assessed RM 450 billion in capital expenditure across 8 development corridors over 2020-2023. Identified efficiency gaps and sectoral allocation patterns that informed policy discussions around infrastructure prioritization and regional equity in budget distribution.

2023-2024 8 corridors
Fiscal deficit management strategies
Fiscal Strategy

Deficit Management Framework Analysis

Developed a 5-year fiscal deficit reduction framework examining spending controls, revenue enhancement, and debt sustainability. Research supported discussions on achieving the 3% deficit target while maintaining development investment commitments.

2024 5-year projection
Petroleum revenue dependency study
Revenue Dependency

Petroleum Income Dependency Assessment

Examined Malaysia’s structural reliance on oil and gas revenues across federal and state budgets. Quantified revenue volatility impacts and recommended tax base broadening measures to reduce commodity price exposure in budget planning.

2024 Federal & state level

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