Themed"Strengthening Recovery, Facilitating Reforms Towards Sustainable Socio-Economic Resilience of Keluarga Malaysia”, Budget 2023 will also see focus given to the people, businesses and the economy.
Digital Nasional Berhad (DNB) will expand 5G coverage to cover 70% of highly populated areas, with spending on infrastructure to cost RM1.3bil in 2023. Budget2023
For 2023, the Jendela initiative has been allocated RM700mil to ensure digital connectivity in 47 industrial areas and almost 3,700 schools. Budget2023
Under Jendela Phase 2, the government plans to provide 100% Internet coverage in populated areas and fibre optic coverage to nine million premises nationwide by 2025, with an investment of RM8bil (including industry contributions). Budget2023
Government is committed to complete the Kuala Lumpur rail network with a 50.8km-long line under the MRT3 project. MRT3 Phase 1 is expected to complete in 2028 while Phase 2 in 2030.
Phase 2 of the Mass Rapid Transit (MRT) 2 project involving the Kampung Batu station to Putrajaya Sentral is almost complete and is expected to start operating in January 2023 for the benefit of the people of the Klang Valley. Budget2023
RM11.4bil allocation set aside for the repair and maintenance of assets including Federal roads and government buildings to improve the quality of delivery and provide a conducive environment. Budget2023
The Pan Borneo Highway project in Sarawak is expected to be fully completed soon, while the highway project in Sabah will be completed by 2024. Budget2023
RM16.5mil out of the RM95mil allocated for development expenditure in the Budget 2023 has been provided for the transport sector through major infrastructure projects -
A 50% discount on public transport under Prasarana's management to 21,000 holders of army veteran card and police retiree card in Kuala Lumpur, Selangor, Pahang and Penang. Budget2023
The government together with Malaysia Airport Holdings Berhad and international airlines will work on new direct flight routes to international destinations such as from West Asia and the Middle East to Malaysia, including through Kota Kinabalu and Penang international airports.
RM90mil in matching grant for inter-industry promotion and marketing, including the promotion of chartered flights, especially from the Middle East and East Asia. Budget2023
50% discount on Prasarana public transport for 21,000 Armed Forces and Police veteran card holders in Kuala Lumpur, Selangor, Pahang and Penang. Budget2023
RM485mil to maintain all Malaysian Maritime Enforcement Agency (MMEA) ships and boats. Budget2023
RM28mil to resume Prisons Department quarters projects. Budget2023
RM18mil allocated for Prisons Department to acquire body scanners, upgrade facilities. Budget2023
RM42mil to repair and upgrade police quarters. Budget2023
RM431mil for the police to improve public order in terms of maintenance and acquiring new assets. Budget2023
10 Orang Asli will also be given the opportunity to further their studies overseas with the sponsorship of government-linked foundations to inspire this community. Budget2023
The government will also intensify its development program for Orang Asli entrepreneurs by providing assistance with business equipment and entrepreneurial guidance for 550 participants. Budget2023
For 2023, a replanting project to restore farms owned by indigenous farmers involving rubber and palm oil will be carried out in Kemaman, Terengganu; Bera, Pahang, and Gua Musang, Kelantan to benefit more than 2,100 natives. Budget2023
RM10mil allocated to Think City for KL rejuvenation initiative to transform, Kuala Lumpur into a creative and cultural hub. Budget2023
RM100mil will be allocated for the Jualan Murah Keluarga Malaysia programme, where groceries and daily necessities will be sold at 20% cheaper compared to the normal retail price in 600 DUN and 13 Federal Territories Parliament constituencies. Budget2023
CyberSecurity Malaysia has been allocated RM73mil to improve monitoring, detection, and cyber forensics. A platform for the public to report online scams will also be created. Budget2023
A National Scam Response Centre involving PDRM, BNM, NFCC and financial institutions will be set up. Budget2023
Some 4,250 housing units worth RM358mil will be built under Rumah Mesra Rakyat programme. Budget2023
RM367mil allocated for People's Housing Projects in urban areas, including new projects in Marang, Terengganu, and Arau, Perlis, which is set to benefit 12,400 people. Budget2023
RM20mil for Malaysia Healthcare Travel Council to promote the country as a premier healthcare travel destination. Budget2023
RM90mil for travel promotion matching grant (Geran Padanan Galakan Melancong, Gamelan) for promotional campaigns and marketing. Budget2023
RM25mil for domestic tourism which includes discounts, vouchers and rebates of up to RM100. Budget2023
RM90mil allocation to boost tourism and tourism activities including for chartered flight services, especially from the Middle East and East Asia. Budget2023
RM200mil allocated for tourism sector. Budget2023
RM1bil to fund RM1,000 one-off grant for registered SMEs and registered taxi drivers, to benefit one million people. Budget2023
RM228mil assistance to benefit 240,000 paddy farmers. Budget2023
RM45bil for Semarak Niaga Keluarga Malaysia Budget2023
RM10bil from Bank Negara Malaysia for SMEs for automation, digitalisation, tourism and agriculture. Budget2023
Up to RM9bil through business financing guarantee companies to enable to SMEs to get financing. Budget2023
The government plans to extend the stamp duty exemption by up to 100% on loan or financing restructuring or rescheduling agreements until 2024. Budget2023
Income tax for Small and Medium Enterprises (SME) will be reduced from 17% to 15% for the first RM10,000 earned and set to benefit 150,000 tax payers from SME businesses. Budget2023
The government has allocated RM305mil for youths under BSN and Mara to take loans of up to RM50,000 to start businesses. Over 10,000 youth expected to benefit. Budget2023
RM10mil allocated for green campus initiative in public universities. Budget2023
RM6.6bil allocated for education facilities for Bumiputera children in Mara, Yayasan Peneraju and UiTM. Budget2023
RM100 increase in living allowance for JPA scholars and officers in the country. Budget2023
Discounts for PTPTN borrowers who achieved first class bachelor's degree if they make payment from from Nov 1, 2022, to April 30, 2023. Budget2023
RM20mil and 3,000 trainers allocated for National Dual Training System (SLDN). Budget2023
RM3.8bil allocated for scholarship and education loan; RM6.7bil allocated for various TVET initiatives, with RM180mil and 12,000 trainers allocated for TVET training fund (Program Persijilan Kemahiran Malaysia). Budget2023
Higher Education Ministry gets RM15.1bil, up from RM14.5bil. Budget2023
Stamp duty set at RM10 for transfer of property between family members. Budget2023
Stamp duty exemption for houses worth from RM500,000 to RM1mil increased from 50% to 75% until Dec 31, 2023. Budget2023
Friendly Call Centre (Pusat Panggilan Mesra OKU) equipped with video call facilities and sign language interpreters. Budget2023
Special incentives to increase number of new OKU taska from 13 to 50. Budget2023
RM20mil to improve facilities and teaching aid/equipment of special needs schools. Budget2023
RM10mil ehailing services travel voucher. Budget2023
RM1.2bil for OKU to enhance potential to earn a living. Budget2023
Excise duty and sales tax exemption expanded from only individual taxi owners who change ownership or dispose of their taxi to include owners of exclusive taxi and airport taxi. Budget2023
RM90mil for JKR Sipitang, Kelantan to replace the 34-year-old fery ferry between Tak Bai, Narathiwat Province in Thailand and Pengkalan Kubor, Tumpat District, Kelantan for some 30,000 residents in Tumpat. Budget2023
Government will improve the infrastructure at seven airports in Sabah and Sarawak by building the wheelchair ramp, benefitting 2,300 community members who use a wheelchair with MASwings, the regional airline operating the Rural Air Services in East Malaysia. Budget2023
Beginning 2023, RM180mil set aside for city bus (bas henti-henti) to add more routes in Melaka, Kota Kinabalu and Kuching; and replace 18 MARA buses in Kedah. Budget2023
Government to continue with the My50 monthly pass that will benefit some 180,000 commuters. Budget2023
RM1.8bil allocation for subsidies and incentives for paddy farmers, fishermen and smallholders. Budget2023
RM256mil for rainy season assistance for rubber smallholders will benefit some 320,000 farmers. Budget2023
RM10mil allocated for AgroPenjara programme involving convicts going into agricultural activities and involving 70ha of land in Malaysian prisons. Budget2023
RM209mil allocated for air transport subsidy in rural Sabah and Sarawak. Budget2023
RM188mil to increase early childhood education programmes for children. 10 more Taska under Kemas will be built. This will also help mothers get back into the workforce. Allowances for Taska staff will also be upped. Budget2023
Government will bear 80% of the Socso contribution. Food delivery personnel, farmers, fishermen, artistes under Finas and hawkers need to contribute only 20% of the total contribution. This will be further expanded to gig economy workers and taxi drivers. Budget2023
RM150mil allocated for employment incentive, RM600-RM700 a month for three months for marginalised groups such as the disabled (OKU), ex-convicts, Orang Asli and women to rejoin the workforce. Budget2023
All self-employed workers must contribute to Socso. Budget2023
One-off RM500 cash aid for mothers from households receiving Bantuan Keluarga Malaysia who give birth in 2023. Budget2023
Socso to provide RM1,000 mobility assistance for employees from Sabah and Sarawak with jobs in the peninsular and vice versa. Budget2023
RM1.2bil allocation to upgrade dilapidated school buildings and infrastructure, especially in Sabah and Sarawak. Budget2023
RM777mil allocated for the Supplementary Food Plan (RMT) to ensure that students get daily nutritional content, benefiting 800,000 students. RM3.50 per pupil in the peninsula and RM4 in Sabah and Sarawak. Budget2023
RM825mil allocated for Early School Assistance programme, an increase to RM150 from RM100 for each student regardless of the parents' income limit. Budget2023
Education Ministry gets the biggest slice of the pie in Budget 2023 with RM55.6bil. Budget2023
SC to offer training programmes to increase the number of women on boards/leadership. Budget2023
RM235mil funds to help women build/upgrade/market their business. Budget2023
RM8mil for social support centres to help victims of domestic violence or those experiencing mental health issues with the help of NGOs like PS The Children. These will be early intervention centres providing psycho-social counselling Budget2023
Tribunal on sexual harassment will be set up in 2023. Budget2023
Gender Focal Teams in all ministries and government agencies to address gender gaps, involve women in planning and implementation of policies. Budget2023
Breast and Cervical Cancer - RM11 mil for subsidies for screening (mammogram/pap smears). Budget2023
Single parents to receive RM3,000 in BKM aid, up to RM1250 BKM aid for singles. and RM2,500 in BKM aid for households earning less than RM2,500. Budget2023
RM55bil for subsidies, assistance and incentives to reduce the cost of living of the people. Budget2023
Government sets aside RM10mil to subsidise the cost of obtaining Class B2 motorcycle licences through the Skim Tekum MobilePreneur programme. Budget2023
EPF voluntary contribution limit will be increased to RM100,000 per year compared to RM60,000 previously. Budget2023
Government will subsidise costs of obtaining operating licences for taxis, buses and ehailing vehicles through the MyPSV initiative. Budget2023
Those in RM250,000-RM400,000 income tax range together with the RM400,000-RM600,000 range will be subject to a 25% tax rate. Budget2023
Income tax exemptions for five years (from 2023 to 2028) for women who return to the workforce after taking a “career break”. Budget2023
Monthly aid from Social Welfare Department totaling RM2.5bil to benefit over 450,000 households Bantuan Keluarga Malaysia (BKM) increased to RM2,500 for families with 5 children and above; RM1,000 to RM2,000 for families with 4 kids and below. Budget2023
Electric bill subsidy up to RM40 for those with income up to RM1,169. Budget2023
M40 e-Pemula Initiative: e-Wallet credit worth RM100 for the M40 group with an annual income below RM100,000, benefiting eight million individuals. Budget2023
RM272.3bil allocated for management spending, RM95bil for development, RM5bil under the Covid-19 Fund and RM2bil as contingency savings. Budget2023
The government may extend the statutory debt limit of 65 per cent of GDP in the medium term after the expiry of Act 830 on Dec 31, 2022. Budget2023
Income Tax rate for individuals reduced by two percentage points. Budget2023
Economy is expected to grow moderately between 4.0% and 5.0% in 2023 versus 6.5% to 7.0% in 2022. Budget2023
Top three recipients of Budget 2023 are the Finance Ministry (RM67.2bil), Education Ministry (RM55.6bil) and Health Ministry (RM36.1bil), constituting 43.3% of total expenditure. Budget2023
Budget 2023 allocation is RM372.3bil compared to RM385.3bil in Budget 2022. Budget2023
Tengku Zafrul: Services sector is expected to be the main contributor to 2023 GDP growth, which is anticipated to expand by 5.0% in 2023. Budget2023
The Finance Minister begins delivering the Budget2023 speech.
The Finance Minister begins delivering the Budget2023 speech.
Tengku Zafrul has arrived in the Parliament building.
Prime Minister Datuk Seri Ismail Sabri Yaakob left Perdana Putra in Putrajaya at 2.55pm Friday (Oct 7) after chairing the Cabinet meeting, Bernama tweeted.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has left the Finance Ministry here and is on his way to the Parliament building in Kuala Lumpur for the tabling of Budget 2023.
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