KUALA LUMPUR, Oct 30 — The federal government has announced its biggest Budget yet, with RM332.1 billion allocated for 2021 compared to RM322.5 billion for next year.
programme, RM5 billion for households, which include one-off payment and RM4 billion injected for the Health Ministry.In terms of job growth, the government has allocated RM4.8 billion to create some 600,000 jobs compared to RM6 billion as suggested by PH to create between 250,000 to 300,000 private jobs.
Overall, the government will also continue other initiatives such as Malaysia Short-term Employment Programme or MySTEP with 80,000 contractual jobs, with 50,000 in the public sector and 30,000 under government linked agencies will be open starting January 2022. PH also proposed for the government to take into account households headed by mothers as woman-headed households only earn a median income of RM1,300.
PH also suggested the government put aside RM100 million into a Restart Matching Grant, with up to RM20,000 per grant for businesses that were forced to close due to the pandemic. The government also announced a RM1 billion fund under the RESET Scheme to help firms with gearing or leverage issues. Another RM38 million grant will also be made available to 738 hotels and inns registered under the Ministry of Tourism, Arts and Culture for upgrading work on their premises, as announced by the government, among other measures.
The government has also allocated an additional RM4 billion specifically to combat Covid-19 with RM2 billion will be spent on vaccination programmes while another RM2 billion will be used to increase capacity in public health facilities and purchasing medical supplies such as personal protection equipment and health kits.
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