New Straits Times : RM393.8B BUDGET TO STRENGTHEN ECONOMY

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Last Updated: Thursday, 19 October 2023 15:54

14.10.2023 : MALAYSIA has gone "expansionary" again, unveilling a bigger budget for next year to expand the economy and government coffers amid a global slowdown. The 2024 Budget boasts a higher allocation for operating spending and handouts, particularly for the low- and middle-income groups, civil servants, and small and medium businesses. It also introduces new taxes and revises existing ones and, as expected, announced a gradual targeted subsidy for diesel to ease the government's financial strain. 

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The Star : Fiscal pillars strengthened

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Last Updated: Thursday, 19 October 2023 15:40

14.10.2023 : KUALA LUMPUR : Holding to its pledge to improve the livelihood of the average Malaysians, Putrajaya has unveiled the largest Budget on record with an allocation of RM393.8bil. While outlining the need to upgrade the living standard of the rakyat, Prime Minister Datuk Seri Anwar Ibrahim reiterated the government's other primary objective for Budget 2024, which was to consolidate its fiscal position through a number of anticipated measures.

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New Straits Times : 12MP SPENDING CAP RAISED TO RM415B

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Last Updated: Monday, 18 September 2023 11:11

12.9.2023 : PRIME Minister Datuk Seri Anwar Ibrahim tabled the midterm review of the 12th Malaysia Plan (12MP) in a special session of Parliament yesterday, and added a massive RM15 billion to its expenditure ceiling. This brings the ceilling to RM415 billion from the RM400 billion allocated in 2021.

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New Straits Times : 10 transport, jobs including Penang LRT, added to 12MP

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Last Updated: Monday, 18 September 2023 11:27

12.9.2023 :  KUALA LUMPUR : Ten new transportation projects have been included in the 12th Malaysia Plan (12MP), including the Penang light rail transit (LRT). During the presentation of the mid-term review of 12MP, Prime Minister Datuk Seri Anwar Ibrahim said the government was emphasising the development of a sustainable and resilient transport and logistics infrastructure.

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The Star : Boost for 12MP with extra funds

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Last Updated: Monday, 18 September 2023 10:49

12.9.2023 : KUALA LUMPUR : An additional RM15bil will be allocated to implement initiatives under the 12th Malaysia Plan (12MP), bringing the total allocation for the five-year development plan to RM415bil. Under the 12MP tabled and passed by the Dewan Rakyat in 2021, RM400bil was allocated to fund new development initiatives and continue existing ones. Prime Minister Datuk Seri Anwar Ibrahim said the plan will be recalibrated in line will the Madani Economy vision, which aims to strengthen and invigorate the country's economy for the next decade and will include 17 main shifts and 71 initiatives. 

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