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SDGs-oriented budgeting

Country
Malaysia
Year
2021
Income Group
Upper middle income
Source
VNR
SDGs-oriented budgeting
Report
2
Region
Asia
Sub-region
South-eastern Asia
Finding
Before 2020, annual budget allocation by the Ministry of Finance was mainly driven by needs-based considerations, which could result in financial gaps for particular SDGs. As a trial, an ex-post exercise was undertaken to map the actual spending under development expenditure allocation on 361 projects for the 2015 and 2019 national budgets. The research found that development expenditure spending was lower on some SDGs. As a result, there might be gaps for financing programs and projects for the 17 SDGs. To ensure all SDGs are given due focus and attention, the Government is undertaking a comprehensive exercise to tag programs and projects in all ministries and agencies to the SDGs. The Ministry of Finance is currently developing a standard operating procedure and manual to guide this alignment exercise.