Friday, October 7, 2011

Malaysia 2012 Budget


So what people have been waiting for?
Of course, it's our 2012 Budget. It has been long awaited especially by our government employees who are keen to know whether they get raise in their income or not. *smirking*
Today, our Prime Minister Datuk Seri Najib Razak who is also our Finance Minister proposed 2012 Budget tabled by him.


Following are the highlights of 2012 Budget.

  • RM232.8 billion will be allocated to implement all government development plans, focusing on the well-being of the citizens, with RM181.6 billion for operating expenditure and RM51.2 billion for development expenditure.
  • RM13.6 billion will be allocated to the social sector, including education, training, health, welfare, housing and community development.
  • Additional bonus of half-month salary with a minimum payment of RM500 for civil servants and an assistance of RM500 for government pensioners, to be paid together with December 2011 salary.
  • RM50 million for the introduction of a special programme to enable army personnel who retired with less than 21 years of service and are not eligible for pension, to venture into businesses and obtain jobs in the public and private sectors.
  • Schooling assistance of RM100 for all primary and secondary students from Year 1 to Form 5 nationwide, as well book voucher worth RM200 to all Malaysian students in public and private local institutions of higher learning, matriculation and Form 6 students.
  • From Jan 1, 2012, all senior citizens aged 60 and above to be exempted from paying outpatient registration fee at all government hospitals, health clinics including 1Malaysia clinics as well as government dental clinics. They will also be entitled to a 50 per cent discount on LRT and Monorail fares.
  • Opening of 85 more Kedai Rakyat 1Malaysia with an allocation of RM40 million.
  • Expansion of the My First Home Scheme with a proposal to increase the limit of house prices from a maximum of RM220,000 to RM400,000. Improved scheme will be available to housebuyers through joint loans of husband and wife beginning January 2012.
  • RM443 million to build 8,000 units for sale and 7,000 units for rental under the Program Perumahan Rakyat (PPR).
  • RM63 million to rehabilitate 1,270 abandoned houses. Another RM40 million to restore and maintain public and private low-cost housing.
  • Establishment of the Special Housing Fund for Fishermen with an allocation of RM300 million.
  • Health Ministry allocated RM15 billion for operating expenditure and RM1.8 billion for developing expenditure.
  • Kuala Lumpur Hospital to be upgraded to be the country's premier hospital with an allocation of RM300 million, of which RM50 million to be spent for the construction of a new outpatient block.
  • Budget taxi owners to be given 100 per cent excise duty and sales tax exemptions for the purchase of new locally-made taxis.
  • Abolition of road tax on all individually owned budget taxis.

For more information, please visit - Source.


Based on the highlights I shared above, it by the means that our Prime Minister will provides more money aids for civil especially pensioners and students. While, government too provides higher subsidies for our daily groceries which go as high as 43% subsidy for cooking oil.
Guess our Prime Minister Datuk Seri Najib Razak has done a great job?

Please check it out !

No comments:

Post a Comment