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MALAYSIAN BUDGET 2018
FULL BREAKDOWN

Prospering an Inclusive Economy, Balancing Between Worldly and Hereafter, For The Wellbeing of the Rakyat, Towards the TN50 Aspiration.

By Datuk Seri Najib Tun Razak, Prime Minister and Finance Minister of Malaysia

CATEGORY 1
INDIVIDUAL TAX AND INCOME

Increase The Potential To Generate Income

Increasing Disposable Income (BR1M)

Increasing Disposable Income (Tax)

Increasing Disposable Income (Subsidies)

Increasing Disposable Income (Tolls)

1Malaysia Retirement Scheme

For those who are self-employed and without fixed income, the Government will increase its contribution to 15% subject to a maximum of RM250 annually under the 1Malaysia Retirement Scheme (SP1M) managed by Employees Provident Fund (EPF). The contribution begins from 2018 to 2022.

CATEGORY 2
EDUCATION AND TALENT

Schools And Maintenance

National Higher Education Fund Corporation (PTPTN)

Scholarships and Grants

Science, Technology, Engineering and Mathematics (STEM)

A total of RM250 million is allocated for the following:

Skim Simpanan Pendidikan 1Malaysia

Technical and Vocational Education Training

Talent Enhancement

CATEGORY 3
HOUSING

Home Ownership

To intensify efforts to increase home-ownership for the rakyat with an allocation of RM2.2 billion as follows:

Affordable Homes

Rental

To promote rental of residential homes, for the first time in 60 years, the Government proposes a 50% tax exemption on rental income received by resident individuals not exceeding RM2,000 per month for resident individuals.

CATEGORY 4
HEALTH

Quality Healthcare

New Hospitals

CATEGORY 5
INCLUSIVE DEVELOPMENT

Rural Areas

To provide basic infrastructure in the rural areas, a sum of RM6.5 billion is allocated, among others:

Blue Ocean Strategies (Low cost with high impact)

For 2018, a sum RM300 million is allocated to implement NBOS programmes, including construction of new UTCs, Blue Ocean Entrepreneur Township, Mobile CTC, entrepreneurship programmes, Global Entrepreneurship Community as well as inclusive and vibrant Social Entrepreneurs.

FELDA Settlers

Bumiputera Wellbeing

Chinese and Indian Communities

Orang Asli

Women and Family Wellbeing

People With Disabilities

CATEGORY 6
BUSINESS AND INDUSTRIES

Small and Medium Enterprises

Micro Financing

Boosting Exports

Boosting Agriculture

RM6.5 billion is provided to assist farmers, fishermen, smallholders and rubber tappers. Among the various programmes to be implemented are:

Boosting Tourism

CATEGORY 7
GOODS AND SERVICES TAX

Changes and Improvement

CATEGORY 8
VENTURE CAPITAL AND INVESTMENTS

Islamic Financing

Venture Capital

Sustainable and Responsible Investment (SRI)

CATEGORY 9
GLCs AND PUBLIC SERVICE

Employees in Government-Linked Companies

Public Sector Home Financing Board (LPPSA)

From 1 January 2018, the Public Sector Home Financing Board (LPPSA) will implement measures to enable public servants to own their dream homes. Among the measures include:

Public Servants

CATEGORY 10
LOGISTIC AND TRANSPORTATION

Transportation and Logistics

In order to ensure a more balanced economic spillover between urban and rural areas, the Government will improve logistics and transport infrastructure, through these measures:

Public Transportation

Trade Zones

Digital Free Trade Zones

Airports

CATEGORY 11
COMMUNITY AND NEIGHBOURHOOD

Neighbourhood Heads

GiatMara (Community Programmes)

CATEGORY 12
SECURITY AND PUBLIC ORDER

Counter Terrorism

Enhance Armed Forces Welfare

CATEGORY 13
OTHER MATTERS

Sports Development

Industrial Revolution 4.0

Sustainable Development

Regulatory Sandbox

Special Payment For Public Servants

A special payment of RM1,500 be given to all public servants. The payment will be made twice, of which RM1,000 will be paid in early January 2018 and the balance during Hari Raya Aidilfitri. Meanwhile, the Government will provide a special payment of RM750 to Government retirees, of which RM500 will be paid in January 2018 and the balance during Hari Raya Aidilfitri.

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BUDGET 2018


BUDGET 2018
IN DETAIL

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BUDGET 2017
UPDATES

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BUDGET 2018
REACTIONS

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BUDGET 2018
HIGHLIGHTS

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