KUALA LUMPUR: Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz tables the 2023 Budget in Parliament.
It is widely expected that a bigger allocation will be used to build on the momentum of growth this year and lay the foundation for stronger recovery next year and beyond.
DNB will expand the 5G network throughout the country to cover 70 per cent of highly-populated areas.
Allocation of RM1.5 billion for the management and development of Islamic religious affairs.
RM150 million for the maintenance of education facilities under Jakim, such as people's religious school (SAR), tahfiz and pondok schools.
Special one-off payment of RM500 for Kafa teachers, takmir teachers (and mosque leaders) imam, bilal, siak, noja and marbut.
Phase 2 of MRT 2 is expected to be operational Jan 2023.
Smallholders will be allocated RM315 million under the 2023 Budget to replace old rubber trees.
RM145 million to maintain, upgrade and build sports facilities.
Government will increase civil servants Gaji Tambahan Khas by RM100 next year for those in Grades 11 to 56.
Special financial aid of RM700 each for 1.3 million civil servants in Grade 56 and below.
1 million government pensioners will get RM350.
Aidilfitri special aid assistance for next year increased to RM600 and paid in March.
RM50 million has been allocated for Pelaburan Hartanah Berhad for commercial development of Bumiputera properties.
RM73 million will be allocated to strengthen the country's cybersecurity, due to the rise in scam cases.
The government will allocate RM20 million to build two new Urban Transformation Centre (UTC) and maintain existing ones.
Monthly cost of living allowance for JPA scholars in the country raised by RM100.
MySTEP programme extended to Dec 2023; salary raised by RM100.
Government proposes to expand the scope of existing tax incentives for individual investors in start-up companies through equity crowdfunding.
The government will continue the Recovery and Support Through Equity Scheme or RESET and the Working Capital Scheme under Bank Pembangunan Malaysia with a total fund of RM1 billion.
HRD Corp to provide RM750 million to upskill over 800,000 workers.
Petronas plans to contribute RM2 billion to Kumpulan Wang Amanah Negara in 2023.
The National Disaster Management Agency (Nadma) will receive RM174 million under the 2023 Budget.
The government will be implementing several measures in control of cigarettes and liquor imports into the country in the 2023 Budget.
Import duty and sales tax of nicotine replacement therapy products will be exempted.
Health sector will receive a bigger allocation under the 2023 Budget with RM36.1 billion, compared with RM32.4 billion under the 2022 Budget.
RM1.8 billion will be allocated to build hospitals, clinics and new facilities, as well as procurement of medical equipment.
Kuala Lumpur Hospital and Tunku Azizah Hospital, designated as centres for rare diseases, will receive an allocation of RM25 million for next year.
RM10 million to transform the nation's capital in the 2023 Budget under the Strategic Urban Policy Adviser Think City.
RM25 million in the form of rebates as an incentive for the people to travel locally. Rebate of up to RM100 will be given in the form of discounts and vouchers for accommodation, tourism packages, handicraft and artworks.
The government will allocate RM200 million for tourism promotion and marketing, and will also focus its efforts on attracting high-value tourists and niche markets.
RM100 million allocation to extend Keluarga Malaysia Cheap Sales programme.
Allocation of Semarak Niaga Keluarga Malaysia increased to RM45 billion.
RM1.7 billion has been allocated to provide micro loans and business facilities for small traders.
RM10 billion fund via Bank Negara Malaysia will be provided to SMEs for automation, digitisation, tourism and agriculture. The guarantee limit is now up to RM9 billion through the Syarikat Jaminan Pembiayaan Perniagaan to make it easier for SMEs to get financing.
Government to allocate over RM55 billion for subsidies, aid and incentives to alleviate cost of living.
Amanah Saham Bumiputera (ASB) & ASB2 investment limit raised from RM200,000 to RM300,000.
i-Saraan extended to 2023; matching contribution up from RM250 to RM300.
The taxation rate for micro, small and medium enterprises (MSMEs) for the first RM100,000 will be reduced from 17 per cent to 15 per cent in the 2023 assessment year.
The Orang Asli community will receive an allocation of RM305 million for social aid and to improve their livelihoods.
Foundations under GLCs to sponsor at least 10 Orang Asli children to pursue studies overseas
Parents will receive tax relief of up to RM3,000 for preschool and kindergarten school fees for the 2024 assessment year.
RM10 million allocation for travel vouchers via e-hailing services for special needs individuals.
Allocation of RM20 million to improve facility and teaching tools for special needs schools.
Wage subsidies of between RM600 and RM750 under Socso will be distributed for three months in encouraging employers to hire OKU, Orang Asli and ex-convicts.
RM290 million will be allocated to repair old lifts at low-cost high-rise residential schemes.
MY50 monthly pass initiative for public transport users, set to benefit close to 180,000 users.
RM209 million allocation for air travel subsidy for rural Sabah and Sarawak.
Government to bear cost for B40 youth to obtain taxi, bus, e-hailing licenses under MyPSV programme.
One-off RM500 cash aid for mothers from BKM households who give birth in 2023.
A total RM3.8 billion will be allocated for scholarships and education loans.
PTPTN loan repayment exemption for degree students who graduate first class.
PTPTN borrowers who settle their loans in full will receive discounts of up to 20 per cent.
Borrowers who pay at least 50 per cent of their loan or make scheduled direct debit payments will receive a 15 per cent discount.
The discount for repayments will begin from Nov 1, 2022 to April 30, 2023.
Government will make SOCSO's SKSPS contributions mandatory for all self-employed sectors in stages.
Total holding limit for ASB and ASB2 increased to RM300,000 compared to RM200,000 previously.
RM1.2 billion to repair and upgrade dilapidated schools particularly in Sabah and Sarawak.
RM825 million allocation for #BAP Bantuan Awal Persekolahan. RM150 for each student, an increase from RM100 previously.
Food Supplementary Programme rate of RM2.50 per student will be increased to RM3.50 in the Peninsular and from RM3 to RM4 per student in Sabah, Sarawak and Labuan.
EPF voluntary contribution limit will be increased to RM100,000 per year compared to RM60,000 previously.
Single senior citizens and single individuals will receive BKM aid of RM600 and RM350, respectively, depending on income limit.
RM250,000-RM400,000 tax income range together with the RM400,000-RM600,000 range will be subject to a 25 per cent tax rate.
The government will allocate RM1 billion in the 2023 Budget to eradicate absolute poverty in the country.
RM305 million allocation for young entrepreneurs.
RM400 million e-Pemula programme: RM200 one-off e-wallet credit for 18-20 year olds, and full time students above the age of 21.
Tax exemption for women employees on income for the assessment years 2023 to 2028 to encourage them to return from work after a career break.
RM11 million to increase screenings through mammogram subsidy and cervical cancer screening.
e-Pemula M40: E-wallet credit worth RM100 for M40 with an annual income of below RM100,000
For close to one million taxpayers, individual income tax for Malaysians will be reduced by 2 per cent.
Tax savings up to RM1,000 for middle income group, RM250 for high income group.
Households with a monthly income of less than RM2,500 with five or more children will get a #BKM one-off aid of RM2,500.
For households making between RM2,500 and RM5,000 a month, BKM aid will be given between RM500 and RM1,250 depending on the number of children.
The tabling of the 2023 Budget is now underway. The House burst out in laughter when Tengku Zafrul mistakenly said 'syarikat' when he wanted to say 'rakyat'.
The budget is expected to be tabled at 4pm.
Tengku Zafrul left the Finance Ministry at about 2.30pm to head to the Parliament House. He was wearing a turquoise coloured baju Melayu, with the budget speech held in a black 'tenun' bag.