Malaysia Budget 2017 Summary

Goods and services tax to enable more disabled persons to benefit from the gst relief it is proposed that the relief be given to the valid oku card holders on the purchase of approved equipment from the suppliers designated by the social welfare department. Benefits for women children and islam rm1 000 tax relief. For breast feeding equipment to support working women.

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The 2017 budget introduces a slew of measures geared towards alleviating the burden of the rakyat and stimulating the malaysian economy in the face of challenging economic times.

Malaysia budget 2017 summary. Live belanjawan updates on 11 oct 2019. The 2017 budget which allocates rm260 8 billion an increase of 3 4 from the 2016 budget. Kuala lumpur oct 21 reuters prime minister najib razak announced malaysia s 2017 budget on friday highlighting how the government plans to accelerate growth narrow its budget deficit and.

Budget 2017 allocates rm260 8bil up 3 4 from 2016 budget recalibration. Malaysia budget 2019 speech by lim guan eng. The following are the highlights of the finance minister s budget speech.

The following is the summary of highlights of malaysia budget 2017 which were announced in parliament. Government expects to achieve 3 fiscal. Standing at rm260 8 billion budget 2017 underscores the government s commitment to exercising fiscal discipline and alleviating the concerns of the rakyat whilst not detracting from longer term development goals.

Malaysia budget 2017 has successfully been tabled by the prime minister datuk seri najib razak. The budget 2019 is part of a long term plan by the government who wants to restore the country s fiscal health and it does so by starting off a lot of things slowly including future planning such as the digital tax coming in 2020. This is the malaysia budget 2017 results summary after malaysian prime minister najib razak presented the national budget 2017 in parliament announcing a total budget allocation of rm260 8 billion.

This budget saw an increase in allocation compared to the budget 2016 recalibration by 3 4 to rm260 8 billion. Though experts said that this latest budget covers a wide area of the economy many forecasts and items on the wish list did not materialised.