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Malaysia
Topic Started: Jul 5 2009, 09:12 PM (310 Views)
Judicar
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Since I can't find a good website of Malaysia budget and how they do it. I want anybody to give me an advice how to do budget or even recommend a website like Dumb guide: how to do your country budget.
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Judicar
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No help? :(
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Emperor of Japan: Emperor Akihito
Prime Minister: Shizuka Kamei
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United States [Sel]
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Dont you hate that?

Not sure what you can do really except search for news reports on their budgetary spending.
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J.B. Hemlock
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You're in a bit of a tough spot. I did a quick search, and couldn't find a budget in English. I did find what I think is a budget presentation in malay...

If you're not planning on doing really detailed economic RP, you could try the patented "JB's Fudge-Factor Economy" method:

You know what your nominal GDP is, right? (~$214 billion in 2008)
You know what your government revenues are, right? (~$44.34 billion in 2008)
You know what your government expenditures are, too. (~$55 billion in 2008)

You can then figure your tax rate: 44.34 / 214 = 20.7%

This gives you a ballpark figure for your government revenues for any GDP you post, then.

Your expenditures will rise with inflation and your population. If inflation plus your population growth is 10% up from 2008, you can just multiply the 2008 expenditures times that to get your current expenditures. This assumes that nothing changes in your budget!

Now, people in your country will be upset if you mess with services too much, so if you don't know what you're doing, you probably don't want to do that. Your big trick at this point is how to balance your revenues versus your expenditures. Traditionally, you could simply tack the extra onto your national debt. This is a stopgap solution at best, especially with what the 2009 recession did to lending. Ideally you'll want to balance your budget, so that your expenditures are equal to your revenues. I don't know how you can manage that for Malaysia, though, as your spending 124% of what you bring in...

Start cultivating friends in the IMF! :)
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Schwerpunkt
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You could always suck up to South Korea and have them pay the difference. They'll need friends for Japan and China start building carriers by the score.
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United States [Sel]
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I believe Nusantara can read Malay...or at least speak it.
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South Korea [JB Hemlock
 
,06 Jul 2009 14.57.21] You're in a bit of a tough spot. I did a quick search, and couldn't find a budget in English. I did find what I think is a budget presentation in malay...

If you're not planning on doing really detailed economic RP, you could try the patented "JB's Fudge-Factor Economy" method:

You know what your nominal GDP is, right? (~$214 billion in 2008)
You know what your government revenues are, right? (~$44.34 billion in 2008)
You know what your government expenditures are, too. (~$55 billion in 2008)

You can then figure your tax rate: 44.34 / 214 = 20.7%

This gives you a ballpark figure for your government revenues for any GDP you post, then.

Your expenditures will rise with inflation and your population. If inflation plus your population growth is 10% up from 2008, you can just multiply the 2008 expenditures times that to get your current expenditures. This assumes that nothing changes in your budget!

Now, people in your country will be upset if you mess with services too much, so if you don't know what you're doing, you probably don't want to do that. Your big trick at this point is how to balance your revenues versus your expenditures. Traditionally, you could simply tack the extra onto your national debt. This is a stopgap solution at best, especially with what the 2009 recession did to lending. Ideally you'll want to balance your budget, so that your expenditures are equal to your revenues. I don't know how you can manage that for Malaysia, though, as your spending 124% of what you bring in...

Start cultivating friends in the IMF! :)

Okay but malaysia has 5 to 6 % growth so how can I guess the 2011 budget lol... sorry my eceonomic skill is okay-okay.
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Conflict: Possible Korean uprising

Emperor of Japan: Emperor Akihito
Prime Minister: Shizuka Kamei
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J.B. Hemlock
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I'd personally figure your 2010 economy is up about 1-3% from 2008. Most industrialized Asian nations faced (are facing) an economic contraction during 2009. Since we're assuming the recession is over by 2010, you can assume your normal 4-5% growth rate for 2010. That'd probably about even out.

To actually figure your new GDP, then, you'd just decide on how much your economy grew. If we say it grew 2% from 2008, then you just multiply your 2008 nominal* GDP by 1.02.

$214 billion times 1.02 = $218.28 billion. Voila!

With a 20.7% tax rate, your revenues are $218.28 billion times 0.207 = $45.184 billion.


*Confusingly, there are two figures tossed around for a nations GDP.

There's nominal, which is the actual dollar value of the nations GDP. If you took your nations GDP, and converted it straight to dollars via the current exchange rate, this is the value you'd get. It's what you want to use for your budget, your purchases, your international dealings, etc.

The other value is PPP, or Purchasing Power Parity. This is the GDP adjusted for the cost of living in your country. It's basically useful to compare the standards of living between different countries. In South Korea, for instance, the per-capita income is about $20,000 a year. It's cheaper to live in South Korea than it is in the US, though, so the PPP per-capita income is $28,000 a year. In other words, $20,000 in South Korea lets you live as well as $28,000 in the US. This is useful basically to compare how the Lee's are doing to the Joneses.
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zzBugs
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,06 Jul 2009 16.38.46] You could always suck up to South Korea and have them pay the difference. They'll need friends for Japan and China start building carriers by the score.

That'd be a tactical epic fail. Malaysia has no projection capability. Other than like 9 C-130s, and 4 Airbus A400M's on order.

But they have one giant land contingent. Use all the money they don't have for the Navy and Air Force on that it'd seem.

Can you say "cannon fodder"?
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zz(Nelly)
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,06 Jul 2009 18.37.10] I believe Nusantara can read Malay...or at least speak it.

I can speak and read Indonesian - it's really similar to Malay so I can help you out. If you want I can PM you the translation, Judicar.
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Greece (TheOne)
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Malaysia [Judicar
 
,05 Jul 2009 21.12.40] Since I can't find a good website of Malaysia budget and how they do it. I want anybody to give me an advice how to do budget or even recommend a website like Dumb guide: how to do your country budget.

Have you tried searching Malaysian government websites?
That's where I found the budget breakup for Greece, on a government website.
Had to do quite a bit of digging though before I came across it. My advice is not to give up.

On the other hand, you could find a country with a similar sized GDP and revenues, and find out how they spend their revenue, and adjust that for Malaysia.
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zzBugs
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I didn't look around TO much...but I have a hunch that this site will help drastically.

http://www.malaysia.gov.my/EN/QuickLinks/I...foPolicies.aspx
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He's dead Jim...
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"Malaysia Truly Asia !"

I've seen budget and expenditure for nations on the CIA World Factbook Page. Doesn't say how it's spent though don't think...

Nukes, Nukes, Nukes, Rice, Nukes ? :P
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Greece (TheOne)
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South Korea [JB Hemlock
 
,06 Jul 2009 21.45.18] I'd personally figure your 2010 economy is up about 1-3% from 2008.  Most industrialized Asian nations faced (are facing) an economic contraction during 2009.  Since we're assuming the recession is over by 2010, you can assume your normal 4-5% growth rate for 2010.  That'd probably about even out.

To actually figure your new GDP, then, you'd just decide on how much your economy grew.  If we say it grew 2% from 2008, then you just multiply your 2008 nominal* GDP by 1.02. 

$214 billion times 1.02 = $218.28 billion.  Voila!

With a 20.7% tax rate, your revenues are $218.28 billion times 0.207 = $45.184 billion.

That's all well and good, but that doesn't take into account the different tax brackets for different levels of income, or corporate taxes.
6-18,000 might be taxed 25 cents in the dollar
18-35,000 might be taxes 38 cents in the dollar
and so on.

How would one work out how many people are affected by each tax bracket?

I'm asking because this is relevant to everyone playing, especially if they want to play around with taxes..

Additionally to that, Greece has actually seen slight gdp growth in 1q 2009 of 0.3%...do I assume that for the rest of 2009, it continues around that, and in 2010 as we assumed it is over in the game, it returned to its previous 3-4% rate? So 2009 would be what, around 0% growth...
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J.B. Hemlock
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That's more detail than I ever really play with.

Since tax brackets can vary wildly for different incomes, you can't simply take the average income and compare it with the tax table to find the average tax rate. Instead, you'd have to do something awful like figure the curve of your per-capita GDP over the range of possible incomes (where the total area under that curve is your GDP), then compute taxes for the incomes within a given tax bracket (where the area under the curve bounded by the upper and lower bounds of the tax bracket is the total income within that tax bracket), and sum them all up. It gets really messy really fast.

Instead I take the simplistic view that the percentage of GDP which goes to the government budget stays the same. Unrealistic? Yes. Free of a requirement to understand the tax code of the country I RP, coupled with a requirement to do statistical analysis? Yes!

As far as your growth goes, you've got freedom to handle it however you want, within reason. One of the guidelines for this round was that there is a recession until the end of 2009. However you want to handle that is up to you.
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Greece (TheOne)
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Yeah thought it would get complicated.

Ok so on the GDP growth, let me see if I got this right..because I suck at maths.

357.5 billion 2008...2009 growth of say 1%(I'm unsure of how to do 0.5%**..which is what I think is more reasonable)
So 357.5 * 1.01 = 361.075 billion GDP for 2009?

3% growth for 2010
361.075 * 1.03 = 371.9 billion gdp for 2010.

**Would 0.5% growth be 1.005?
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J.B. Hemlock
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Yeah, exactly. It's not terribly realistic, but it's easy enough to do.
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