# Malaysia's Ministry of Finance (MOF): Treasury, Agencies, and the Budget Cycle

> Malaysia's Ministry of Finance (MOF / Kementerian Kewangan) is the central agency that raises national revenue, controls federal spending, tables the annual Budget, and oversees the Treasury plus agencies from Customs and LHDN to Bank Negara — and the body businesses register with to sell to the government.

- Category: government
- Language: en
- Status: published
- Updated: 2026-08-14
- Canonical: https://negaraku.md/en/government/ministry-of-finance-mof

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Every ringgit the federal government collects and spends passes through one institution: the Ministry of Finance. It is the ministry of the Government of Malaysia charged with responsibility for both government expenditure and revenue raising — it develops economic policy, prepares the Malaysian federal Budget, and oversees financial legislation and regulation. In Malay it is the Kementerian Kewangan, and its core machinery is the Federal Treasury, or Perbendaharaan. This page explains the institution and then untangles it from the separate thing people mean when they search "MOF registration".

## Who runs it and where does it sit?

The Ministry was established on 31 August 1957 and is headquartered at the Ministry of Finance Complex, No. 5 Persiaran Perdana, Precinct 2, Putrajaya (62592). It functions as a central agency for the country's financial management and economic development, working alongside the Prime Minister's Department (Economic Planning Unit), other ministries and Bank Negara Malaysia.

| Role | Holder (as of Aug 2026) |
| --- | --- |
| Minister of Finance | Dato' Seri Anwar bin Ibrahim |
| Minister of Finance II | Datuk Seri Amir Hamzah bin Azizan |
| Secretary-General of Treasury | Datuk Johan Mahmood bin Merican |

Officeholders change with Cabinet reshuffles, so confirm current names and any deputy ministers at `mof.gov.my`.

## What does the Ministry actually do?

The Ministry sits on both sides of the government's balance sheet — raising revenue and controlling spending. Its official portal organises the work into four content areas: **Economic & Fiscal**, **Budget**, **Tax**, and **Procurement**.

The most visible moment in that cycle is the Budget. Each year in October, the Minister of Finance presents the Malaysian federal Budget to Parliament, setting out the government's planned revenue and expenditure for the year ahead.

The institution is older than its 1957 date suggests. Its roots trace to centralised financial administration under the Federal Council Agreement signed on 25 October 1909 — Henry George Bagnall Vane served as the first Financial Commissioner (1909–1915) — and to Treasury Circular No. 15 of 1951, which fully integrated state financial administration and established the Federal Treasury as the central agency for revenue and expenditure.

## Which departments and agencies fall under it?

Two layers sit beneath the Ministry. **Departments** are part of the civil service; **agencies** are largely statutory bodies with their own boards. The portal lists roughly fourteen major agencies.

| Type | Body | Handles |
| --- | --- | --- |
| Department | Federal Treasury (Perbendaharaan) | Core financial machinery |
| Department | Royal Malaysian Customs Department | Indirect tax and customs |
| Department | Accountant General's Department | Government accounts and payments |
| Department | Valuation & Property Services Department | Government property valuation |
| Agency | Inland Revenue Board (LHDN) | Direct tax collection |
| Agency | Bank Negara Malaysia | Central bank; monetary policy |
| Agency | Securities Commission Malaysia | Capital-market regulation |
| Agency | Employees Provident Fund (EPF/KWSP) | Private-sector retirement savings |
| Agency | Retirement Fund (KWAP) | Public-sector pensions |
| Agency | Bursa Malaysia; Bank Simpanan Nasional | Stock exchange; savings bank |

## What is Minister of Finance (Incorporated), or MOF Inc?

Minister of Finance (Incorporated) — MOF Inc — is a body corporate in the name of the Minister of Finance, established under the Minister of Finance (Incorporation) Act 1957. It can enter contracts, make acquisitions, and hold tangible and intangible assets on behalf of the government. It is the legal vehicle through which the federal government owns commercial assets, and is distinct from the ministry's day-to-day administration.

## Is "MOF registration" the same as the Ministry?

No — and this is the confusion the search results never resolve. **ePerolehan** is Malaysia's e-procurement portal, operated by the Ministry of Finance, through which suppliers register to transact with the government. A **Basic Account** is for Malaysian citizens with transactions up to RM20,000, at no fee; an **MOF Account** covers transactions of RM20,000 and above, split into Contractor and Consultant categories. An MOF Account costs **RM450** for new registration or renewal, valid for **3 years**. So the "MOF licence" a business needs is a supplier registration through ePerolehan — not a matter for the ministry's policy offices.

## What's next

To register as a government supplier, start at the ePerolehan portal (`eperolehan.gov.my`). To follow the institution — leadership, the October Budget, and its full agency list — the authoritative source is the official portal at `mof.gov.my`. Note that several figures here (the ministry's own budget allocation, staff headcount, and the exact agency count) should be reconfirmed against current official estimates before being treated as live.

## Sources

- Ministry of Finance (Malaysia) — Wikipedia — https://en.wikipedia.org/wiki/Ministry_of_Finance_(Malaysia) (Wikipedia)
- Ministry of Finance Official Portal — https://www.mof.gov.my/portal/en/ (Ministry of Finance Malaysia)
- Ministry of Finance Malaysia — History — https://www.mof.gov.my/portal/en/profile/history (Ministry of Finance Malaysia)
- Minister of Finance (Incorporated) — Wikipedia — https://en.wikipedia.org/wiki/Minister_of_Finance_(Incorporated) (Wikipedia)
- New Supplier Registration — ePerolehan — https://www.eperolehan.gov.my/en/online-registration (ePerolehan / Ministry of Finance Malaysia)

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