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#Budget2023: Highest Allocation Ever At RM386.10 Billion
The national debt and liabilities have ballooned to RM1.5 trillion, or around 81% of the gross domestic product (GDP).
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#Budget2023: Employers Who Hire OKU & Former Inmates To Be Awarded RM750 Per Month
The homeless and unemployed are also included in this incentive.
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#Budget2023: Govt To Support Women & Youth-Owned Businesses With RM300 Million Loans
The RM1.7 billion loan allocation is designated for micro, women-owned, youth-owned, and smaller business owners.
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#Budget2023: B40 Families To Receive RM2,500 Financial Aid
The Prime Minister said that an additional RM600 will be given to the poorest families.
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#Budget2023: Government To Introduce Tax For Luxury Goods & Discontinue GST
The Finance Minister stated that the government will not continue the implementation of GST due to inflation of the cost of food and a low minimum wage.
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#Budget2023: RM11 Million Allocated To Encourage Breast Cancer & Cervical Cancer Screening
The Ministry of Health (MOH) will receive a total allocation of RM36.1 billion.
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#Budget2023: RM15 Billion For Flood Mitigation Initiatives
RM2 billion to be allocated to build retention ponds.
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#Budget2023: Voluntary EPF Contribution Cap Increased To RM100,000
It's currently at RM60,000 a year.
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#Budget2023: M40 Individuals To Receive RM100 E-Wallet Credit Under E-Pemula Initiative
Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said this is to promote cashless transactions.
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