Ministry of Finance Malaysia

What Ministry of Finance Malaysia does

The Ministry of Finance Malaysia (Kementerian Kewangan Malaysia) is the federal government ministry responsible for national fiscal policy, public revenue management, taxation administration, government procurement, and oversight of statutory financial bodies in Malaysia. Established under the Federal Council Agreement of 1909 and empowered by the Minister of Finance (Incorporated) Act 1957, the ministry administers the federal budget, formulates tax policy, manages public expenditure, and supervises 5 federal departments — including Malaysia Treasury, Royal Malaysian Customs, and the Accountant General's Department — alongside 14 statutory bodies such as Bank Negara Malaysia, EPF (KWSP), Securities Commission, Bursa Malaysia, PIDM, KWAP, LPPSA, and Labuan FSA. The ministry serves federal government agencies as its primary client base, with Malaysian citizens and state governments as secondary beneficiaries of subsidies, federal allocations, and assistance programmes including BUDI Diesel, BUDI95, and the RM5 billion SME Stabilisation Relief Facility.

MOF operates a digital ecosystem spanning the official portal (mof.gov.my), the Treasury Circulars portal (ppp.treasury.gov.my), the Budget portal (belanjawan.mof.gov.my), the MANFAAT benefits portal, the e-Perolehan procurement system, and the SISPAA integrated complaints system. Its TREASURE (TReasury Enterprise Architecture for Strategy, Unity, Relevance & Efficiency) initiative documents the ministry's digital transformation roadmap for federal financial administration. The ministry does not sell products commercially; it is funded through annual federal budget allocations and is led by Prime Minister and Finance Minister YAB Dato' Seri Anwar Ibrahim, with Minister of Finance II YB Senator Datuk Seri Amir Hamzah Azizan and Secretary General of Treasury Tan Sri Johan Mahmood Merican heading administrative operations.

Strategic positioning reflects a sovereign credit profile of A3 (stable) from Moody's, with Malaysia ranked 15th in the 2026 IMD World Competitiveness Ranking and posting 5.4% GDP growth in Q1 2026 following 5.2% full-year growth in 2025. MOF chaired ASEAN 2025, hosting the 12th AFMGM and multiple ASEAN+3 finance meetings, and co-leads with BNM the RESET healthcare cost reform framework through the JBMKKS committee established June 2025. The ministry is headquartered in Putrajaya with 347 employees and exercises regulatory and fiscal authority over virtually the entire Malaysian federal financial ecosystem.

Name

Ministry of Finance Malaysia

Legal name

Kementerian Kewangan Malaysia

Website

https://mof.gov.my

Company type

Private

Founded year

1909

Operating status

Operating

Headcount range

251–500 employees

Short description

The Ministry of Finance Malaysia is the federal ministry responsible for national fiscal policy, taxation, public expenditure, and procurement, overseeing Malaysia Treasury, Royal Malaysian Customs, Bank Negara Malaysia, EPF, and 14 other statutory bodies under a constitutional mandate.

Ownership category

akta.pro rank

Product category

Public Financial Management

NAICS

Public Finance Activities (921130), Public Finance Activities (92113), Executive, Legislative, and Other General Government Support (921), Other General Government Support (921190)

SIC

Finance Services (6199)

akta.pro primary industry

Executive Office / Cabinet Secretariat (BPAIAAAA)

akta.pro secondary industries

Treasury & Cash Management (BPAIAEAB), Budgeting & Fiscal Planning (BPAIAEAA), Government Accounting & Financial Reporting (BPAIAEAD)

Keywords

• Public financial management
• Fiscal policy administration
• Government treasury services
• Federal budget oversight
• Tax policy governance

Headquarters

HQ city

Putrajaya

HQ country

Malaysia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Public Revenue Management: Manages fiscal policy, tax collection oversight, and public expenditure to achieve national development goals. Revenue comes from taxation, customs, and various federal revenue streams under government administration.

Distribution channels4 records

Marketing channels5 records

Core offering

The Ministry of Finance Malaysia is a federal government ministry constitutionally mandated to manage all matters relating to federal government finance, taxation, and public expenditure. Its core functions encompass national fiscal policy formulation, federal budget preparation and execution, tax administration oversight via the Inland Revenue Board, customs revenue collection, government procurement, public asset management, and regulatory supervision of statutory financial bodies including Bank Negara Malaysia, EPF, and the Securities Commission. The ministry delivers its services through 19 divisions, 5 federal departments, and 14 statutory agencies, supported by a digital ecosystem of public-facing portals and operational systems.

Product overview

Ministry of Finance Malaysia operates a comprehensive digital ecosystem comprising multiple interconnected web portals and government systems. The core offerings include the official MOF Portal (www.mof.gov.my) as the primary gateway, supplemented by specialized portals for treasury circulars (ppp.treasury.gov.my), budget information (belanjawan.mof.gov.my), and public benefits (manfaat.mof.gov.my). The TREASURE Enterprise Architecture framework documents the ministry's digital transformation strategy. Operational systems include e-Perolehan for government procurement management and SISPAA for integrated complaints handling. Government assistance programs like BUDI Diesel and BUDI95 provide fuel subsidies, while the RESET Framework represents a national healthcare cost reform initiative. The ministry functions as a central government agency rather than a commercial product company, providing digital services across fiscal management, budget administration, and public financial management.

Differentiator

Problem solved

Functional benefit

Brands

• TREASURE: TReasury Enterprise Architecture for Strategy, Unity, Relevance & Efficiency - Enterprise Architecture initiative for digital transformation of the Treasury
• Portal Pekeliling Perbendaharaan
• Portal Belanjawan
• Portal Manfaat
• Bakat MADANI
• RESET (Kerangka RESET)

Products and services

• Portal Rasmi Kementerian Kewangan (Official MOF Portal) The official government portal of the Ministry of Finance Malaysia providing comprehensive information about ministry functions, news, policies, and access to various government services and portals for federal agencies and the public.
• Portal Pekeliling Perbendaharaan (Treasury Circulars Portal) A dedicated portal for Treasury circulars, directives, and official communications from the Ministry of Finance, serving federal government agencies and procurement entities.
• Portal Belanjawan (Budget Portal) Official portal for Malaysian government budgets providing access to budget speeches, economic reports, fiscal data, and expenditure information for various fiscal years, serving federal agencies, businesses, and citizens.
• Portal Manfaat (Benefits Portal) Government benefits portal providing information about government assistance programs and public welfare initiatives, serving Malaysian citizens and businesses seeking access to financial support programs.
• TREASURE (TReasury Enterprise Architecture for Strategy, Unity, Relevance & Efficiency) Enterprise Architecture framework micro-site documenting MOF's digital transformation roadmap, service modernization initiatives, and IT governance standards for government service delivery, serving federal agencies requiring enterprise architecture alignment.
• BUDI MADANI Diesel Subsidy Programme Subsidized diesel quota programme allowing eligible diesel-powered vehicle owners to purchase subsidised diesel at controlled rates using MyKad at participating stations, targeting Malaysian vehicle owners of diesel-powered pick-up trucks and SUVs.
• Kerangka RESET (RESET Framework) National approach for private healthcare cost reform addressing medical inflation through five strategic pillars (Revamp MHIT, Enhance price transparency, Strengthen digital health, Expand cost-effective options, Transform provider payment mechanisms), serving Malaysian private healthcare consumers, insurance operators, hospitals, and clinics.
• Sistem e-Perolehan (e-Procurement System) Government procurement management system for managing tender processes, contractor registration, and public procurement workflows, serving federal agencies, government contractors, and procurement entities.
• SISPAA (Integrated Complaints Management System) Integrated System for Public Agency Complaints used for managing and tracking public complaints across government agencies, accessible to Malaysian citizens and businesses for government service feedback.
• BUDI95 (BUDI MADANI RON95) Subsidy Programme Subsidized RON95 petrol assistance programme for eligible recipients, providing targeted fuel cost relief to qualifying Malaysian individuals.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

17 partnerships are on record, tiered core and flagship.

• Ministry of Health Malaysia (KKM)coreStrategic or Co-development Partner · 1 June 2025Co-leadership of RESET (Revamp MHIT, Enhance price transparency, Strengthen digital health, Expand cost-effective options, Transform provider payment mechanisms) strategy for private healthcare costs. JBMKKS co-chaired by Minister of Finance II and Minister of Health.
• Bank Negara Malaysia (BNM) - Healthcare InitiativecoreStrategic or Co-development Partner · 1 June 2025Member of JBMKKS (Jawatankuasa Bersama Peringkat Menteri untuk Kos Penjagaan Kesihatan Swasta) alongside MOF and KKM for healthcare cost reform.
• ASEAN Finance Ministers and Central Bank GovernorsflagshipStrategic or Co-development Partner · 1 January 2025Annual multilateral forum hosted in rotation. Malaysia chaired ASEAN 2025, hosting 12th AFMGM and related meetings in Kuala Lumpur (April 2025), Finance Deputies Meeting in Penang (February 2025), and ASEAN+3 Task Force meetings in Langkawi (January 2025) and Kuching (September 2025).
• ASEAN+3 Partners (China, Japan, Korea)coreStrategic or Co-development Partner · 1 January 2025Cooperation through ASEAN+3 framework including Finance and Central Bank Deputies Meeting (AFCDM+3), ASEAN+3 Task Force meetings, and working groups on ASEAN Forum on Taxation and Excise.
• US-ASEAN Business CouncilcoreStrategic or Co-development Partner · 1 January 2025Bilateral engagement for US-ABC Malaysia Business Mission 2026 meeting with Finance Minister II to discuss business and investment opportunities.
• Lembaga Hasil Dalam Negeri Malaysia (LHDN)coreChannel Partner/ Reseller/ DistributorInland Revenue Board serves as MOF's tax collection agency, handling BUDI Diesel applications and operating LHDN offices for government assistance programs.
• Malaysia Treasury Sabah (Perbendaharaan Malaysia Sabah)coreOthersState-level treasury office under MOF providing treasury services in Sabah. Part of the decentralized treasury system.
• Malaysia Treasury Sarawak (Perbendaharaan Malaysia Sarawak)coreOthersState-level treasury office under MOF providing treasury services in Sarawak. Part of the decentralized treasury system.
• Royal Malaysian Customs DepartmentcoreChannel Partner/ Reseller/ DistributorFederal department under MOF responsible for customs enforcement, tax collection on imported goods, and trade facilitation.
• Accountant General's Department of MalaysiacoreChannel Partner/ Reseller/ DistributorFederal department under MOF managing government accounting, payment systems, and financial reporting for federal government.
• Valuation and Property Services Department (JPPH)coreChannel Partner/ Reseller/ DistributorFederal department under MOF providing property valuation services and managing federal property assets.
• Langkawi Development Authority (LADA)coreChannel Partner/ Reseller/ DistributorFederal statutory body under MOF overseeing development and promotion of Langkawi as an international tourist destination.
• Insurance and Takaful Operators (ITO)coreStrategic or Co-development PartnerKey stakeholders in RESET healthcare strategy for developing MHIT basic plan, publishing healthcare service price ranges, and implementing DRG payment systems.
• Private Hospitals and ClinicscoreStrategic or Co-development PartnerKey stakeholders in RESET healthcare strategy. Subject to price transparency requirements (medicine price display mandated May 1, 2025) and potential DRG payment implementation.
• Asia-Pacific Economic Cooperation (APEC)coreStrategic or Co-development PartnerRegional economic cooperation forum represented through International Division for finance and economic matters.
• Asia-Europe Meeting (ASEM)coreStrategic or Co-development PartnerBilateral and multilateral cooperation forum connecting Asia and Europe on economic and financial matters.
• Banking Industry MalaysiacoreStrategic or Co-development PartnerCollaboration with banking industry on financial inclusion initiatives including basic credit cards (capped at 14% p.a.), ATM fee removal (July 2026), and targeted assistance for borrowers affected by global economic uncertainty. SME financing grew 5.3% in May 2026.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ministry of Finance Thailand: Thailand's finance ministry with comparable responsibilities in fiscal policy, treasury management, customs, and excise. Direct peer as a Southeast Asian sovereign finance ministry operating under similar economic and governance frameworks.
• Ministry of Finance Japan: Japan's Ministry of Finance responsible for fiscal policy, treasury, taxation, customs, and oversight of the Financial Services Agency. Direct peer as a national finance ministry with comparable scope in budget formulation, debt management, and financial regulation.
• U.S. Department of the Treasury: United States federal finance ministry managing government revenue (IRS), public debt, currency production, and financial regulation. Direct peer as a national finance ministry with comparable scope in fiscal policy, treasury operations, and oversight of financial institutions.
• HM Treasury (UK): United Kingdom's economic and finance ministry, responsible for public finance, taxation, spending, and financial services policy. Directly comparable as a sovereign finance ministry with similar functions in budget formulation, fiscal policy, and oversight of financial regulators.
• Ministry of Finance Indonesia: Indonesia's finance ministry managing state revenue, treasury, customs, taxation, and financial services. Direct peer as a fellow ASEAN federal/central finance ministry with analogous budget execution, tax administration, and asset management mandates.
• Ministry of Finance Singapore: Singapore's finance ministry responsible for economic policy, fiscal management, and oversight of statutory boards (including MAS, GIC, Temasek). Highly comparable as a Southeast Asian finance ministry with similar agency-oversight structure and treasury functions.
• Department of Finance Australia: Australian federal finance department handling budget management, financial reporting, superannuation oversight, and government property. Comparable as an Asia-Pacific federal finance ministry with similar treasury and public financial management functions.

Regional players

• Bank Negara Malaysia: Malaysia's central bank, listed as a statutory body under MOF oversight per the company data, but functions as the monetary authority rather than fiscal authority. Comparable in financial system oversight role and ASEAN regional monetary cooperation, but operates under a distinct mandate from MOF.

Others

• Asian Development Bank: Multilateral development bank engaging MOF on regional finance cooperation and development funding. Relevant peer-organisation for treasury-level dialogue, sovereign financing frameworks, and capacity-building programmes for emerging-market finance ministries.
• ASEAN Finance Ministers and Central Bank Governors Meeting (AFMGM): Regional multilateral forum where MOF participates as a peer among ASEAN finance ministers. Relevant as the institutional counterpart that MOF collaborates with on cross-border tax, customs, and financial stability initiatives — and which Malaysia chaired in 2025.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/mofmalaysia
• YouTubeyoutube.com/MOFMalaysia19
• Facebookfacebook.com/KemKewangan
• Instagraminstagram.com/mof_malaysia
• LinkedInlinkedin.com/company/mofmalaysia

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Ministry of Finance Malaysia