Half-month bonus with a minimum payment of RM500 to be paid in January 2015 for civil servants.
Ministers and Deputy Ministers will have a salary revision at another time.
Increase in allowance of MPs.
BR1M
from RM300 to RM350 a year for single individuals aged 21 and above
with a monlthy income not exceeding RM2,000. Assistance 2 be disbursed
early next year.
BR1M to RM950 for households with a monthly income of RM3,000 and below paid in 3 instalments
Minimum price of houses will be reduced to RM90,000 per unit with a minimum floor area of 850 square feet.
Repair and maintenance for military, police, teachers' and medical staff's quarters nationwide for RM500 million.
18:13
Minimum eligibility for housing loans increased to RM120,000 and maximum eligibility for civil servants to RM600,000.
18:12 World Competitiveness Index ranking improved from 15th to 12th position in 2014.
Over 3 years with RM30 million, to build Al-Quran Printing Centre in Putrajaya; 2nd biggest after Saudi Arabia.
Staff
of KEMAS, JASA, JPNIN, JAKIM and Seranta Felda who have served more
than 15 years and have retired will receive a monthly assistance of
RM300 benefiting 1,655 people.
One-off
grant of RM50 million will be provided to NGOs, that are involved in
community development programmes, unity, social welfare, consumerism,
health and security.
RM117 million will be allocated to RELA for training and capacity building.
RM121 million for PDRM to implement various programmes under NKRA.
Police force will be increased by 11,757 personnel, 14 Police Headquarters and Stations to address crime.
Construction of Air Langat 2 Water Treatment Plant will be expedited; costing RM3 billion to address water supply shortage.
Rural facilities & infrastructure to get RM4.6 million for upgrade.
Age of borrowers increased from 35 to 40 years.
For Skim Rumah Pertamaku.
Purchase limit increased to RM500,000 with 50% stamp duty exemption for first home.
For early childhood education, Ministry of Education will get RM711 million
Increase in tax relief for disabled child. RM5,000 to RM6,000
Financial assistance for poor families, children, senior citizens and disabled. RM1.2 billion
To address the dengue issue, RM30 million will be allocated.
If
you have cancer, kidney failure and/or heart attack, you can get tax
relief up to RM6,000. An increase from the original RM5,000.
Establish an additional 30 1Malaysia clinics.
RM41 million for planting and replanting for oil palm smallholders.
RM23.3 billion to improve health services and facilities.
RM100
million to protect smallholders from losses incurred, especially when
the world market price falls. - Malaysian Rubber Board (MRB)
People
working in KL and coming from outside KL will have a bus service with
discounted monthly fare of 30%. Routes: Rawang-KL; Klang-KL;
Seremban-KL.
Additional 20 KR1M in Peninsular Malaysia to ease burden of Malaysians.
Additional RM250 million for fishermen; to improve living condition.
Increase of living allowance for Zone A's fishermen to RM300, Zone B and C; increased to RM250.
RM100
million matching grant to Farmers’ Organisation Authority to enable the
members to obtain loans to improve farm productivity and marketing
channels.
Government
will establish 65 new permanent farmers’ markets and 50 new fish
markets that will operate daily in selected locations. To date, there
are 526 farmers’ markets and 50 fish markets nationwide.
Government will also give a 50% stamp duty exemption on the instrument of transfer agreements and loan agreements.
RM200 incentive monthly for first two years of housing loan repayment.
RM100 mil for 1Malaysia Youth City in Sabah and Sarawak to boost employability and entrepreneurship skills in youth.
Child care holiday for 1 year for step child, adopted child, or special needs child.
RM320 million to revitalise youth programmes, including National Service and Rakan Muda.
"1 malaysia support" for housewives for professional women to return to employment.
RM 2.26 billion allocated for the Women, Family and Development Ministry to promote women entrepreneurship.
RM 2.26 billion for development of women's operations.
Women make up only 38% of work force. Government will take initiative to increase this.
Women are the backbone of a nation's development.
Lahad Datu airstrip will be extended to accommodate bigger planes.
RM27 billion for construction of 1,663km highway in Pan Borneo.
Construction of pan borneo highway at a cost of RM27 billion.
Various initiatives to promote bumiputera entrepreneurship.
Government
hopes to make M'sia a prime location for start-ups in the region. MAGIC
to create a conducive start-up eco-system to attract expatriates.
Labour laws to be revised to include benefits such as flexible hours to cater to an increasingly dynamic labour market.
Labour laws to be revised to include benefits such as flexible hours to cater to an increasingy dynamic labour market.
PTPTN:
Rebate of 10% for individuals who has been consistently paying for the
past 12 months till 31 Disember 2014 and 20% rebate for those who
settles the full amount by 31 March 2015.
TalentCorp to be allocated RM13 mil for internship programmes and industrial training & more.
Syllabus
at higher learning institutions to be revised to include
extra-curricular activities to combat "unemployability" among local
graduates.
PTPTN, as of Aug 31, 2014, only 46% of debt collected. 174,000 have never repaid their student loan.
National
schools will be allocated RM450 mil, Sek. Jenis Kebangsaan Cina gets
RM50 mil, SJK Tamil RM50 mil, boarding schools RM50 mil, religious
schools with government's aids RM50 mil, SRSM 50 mil, Sek pondok RM50
mil and RM25 mil for chinese schools using national syllabus.
RM258 million allocation for Ministry of Health.
RM800 million allocated for schools, which include national schools, and Chinese and Tamil vernacular schools.
2x tax relief for companies who offer internships for diploma and vocational students.
10,000 students will be placed in private vocational institutions.
By
2020, 46% jobs will need technical and vocational qualifications. To
increase enrollment in technical and vocational schools RM1.2 billion to
be allocated.
Principals will be given autonomy to administrate their respective schools.
RM56 billion will be allocated for the Ministry of Education for various programmes.
1Malaysia Training Centre has been established for the private sector.
Urban Transformation Centre to be established in Kelantan, Terengganu and Perlis to promote skills and employability.
A new subsidy scheme will be announced soon.
To
improve the country's budget - subsidy rationalisation has been
implemented. An example is the fuel subsidy. We will ensure this is done
in gradually and in stages to reduce the burden on the rakyat.
Grant of RM100 million for companies who send staff for GST training.
YA 2016, SMEs and small businesses will be reduced from 20% to 19%.
Highest income tax rate to be reduced from 26% to 24%.
Personal income reduced by 1% - 3% , 300,000 taxpayers will be exempted from income tax.
532 items, 56% price will be reduced such as medical products, electronic products, furniture, diapers, seafood and vegetables.
Groceries, RON95, diesel and LTG exempted as well.
GST
exempted on essential items. To increase the number of items: 1) all
local and imported fruits, white and wholemeal bread, coffee and tea,
cocoa powder, mee kuning, laksa and mihun.
Also 290 types of medicine for 30 types of illness such as heart diseases, and diabetes will be exempt.
Reading magterials such as colouring books, dictionary, and others.
There will be an increase in the exemption for electricity consumption from first 200 units to 300 units.
To trim fiscal deficit to achieve a balance budget.
RM1.3
billion for Ministry of Science, Technology and Information - rebrand
SIRIM, introduce a new initiative Public Private Research Network.
RM50 million to Ex-army Programme, benefitting 50,000 ex-army personnels.
RM50 million to Professional Young Women Development programme, benefitting 50,000 professionals.
RM50 million to Indian entrepreneurs.
RM350 million to Bumiputera entrepreneurs.
Tekun has been providing loan amounting to RM3.1 billion.
High
speed broadband to be implemented in high impact areas in the nation.
RM2.7 billion will be allocated in 3 years including additional 1,000
base stations and undersea cable construction.
These developments will create at least 1,000 employment opportunities.
Project LRT 3rd phase, from Bandar Utama to Shah Alam to Klang will begin soon.
MRT second phase, 56 km, from Selayang to Putrajaya with RM23 billion allocated.
Allowance automation modal expenditure of 200% on the first RM4 million. From 2015 - 2017.
100% tax exemption for 5 years to encourage private sectors to develop industrial areas in rural and less developed locations.
Encourage investments in less developed areas in the country, with specific programmes.
Malaysia is now the biggest sukuk provider, taking up 60% globally.
Research Incentive Scheme with RM10 million for SMEs in ICT and information industry.
Introduce the blueprint for the service sector with RM5 billion allocated for SMEs in the service sector.
With GST, SST will be abolished, causing the government a loss of RM13.8 billion
Total revenue last year is RM235.2 bil, additional of RM10.2 bil compared to the year before.
RM4.9 bil allocated for security sector
Revenue from GST expected to hit 23.2 billion. With GST, SST will be abolished.
Deficit fiscal trimmed from 6.7% (2009) to 3.9% (2013), and 3.5% by end of 2014.
We are now ranked the highest economic growth in South East Asia.
Budget 2015 is a budget of economy based on the rakyat's needs.
"People economy and capital economy cannot be separated. They exist in a symbiosis relationship," said PM.
The
biggest challenge we face in administrating the country is balancing
policies that are populist in nature with policies that are based on
economic health of the country.
With
the aim to achieve high-income nation in 2020, such as Japan and Korea.
All these countries started with agriculture, just like us.
Opening
address by Prime Minister: Government is still committed to develop
Malaysia, with the 11th Malaysian Plan starting May 2015 with the
Malaysia National Development Strategy (MyNDS).
And we're off! Malaysians, are we ready for Budget 2015?
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