GENERATE INCOME FOR THE RAKYAT
- Expand MySuria Programme for 1,600 houses natiowide (RM 45 million)
- Expand Mobilepreneur Programme for 3,000 participants (RM 30 million)
- Implement Agropreneur Programme for 3,000 young entrepreneurs (RM 100 million)
- Intensify eUsahawan dan eRezeki programmes for 300,000 participants (RM 100 million)
- Encourage B 40 (BR1M recipients) to generate additional income by becoming ride-sharing drivers such as UBER – For those who do not own vehicles, down payment could be paid using BR1M & rebate up to RM 4,000 for the purchase of Proton Iriz
1 MALAYSIA PEOPLE’S AID (BR1M) (RM 6.8 billion)
- Single Individual: RM2,000 and below: RM450 (2016: RM400)
ENHANCE TVET PROGRAMMES (RM 4.6 billion)
- Transform 9 IPG campus into Polytechnics & Vocational Colleges, including one for TVET trainers (RM 400 million)
- Upgrade teaching equipment in TVET institutions (RM 270 million)
- Skills Development Fund Corporation (RM 360 million)
- Extend the double tax deduction for Structured Internship Programme until year of assessment 2019 for students pursuing degree, diploma as well as Level 3 and above, under TVET programmes
- Provide matching grants to TVET institutions which successfully obtained assistance in the form of equipment from industries
- Enhance graduate employability – Extend 1 Malaysia Training Scheme (SL1M) for 20, 000 graduates (RM 50 million)
- Establish Malaysian Bureau of Labour Statistics
LIFESTYLE TAX RELIEF
- Tax relief up to RM 2,500 yearly effective year of assessment 2017 (combined as lifestyle tax reliefs) for purchase of :
- Reading materials, computers, sports equipment, printed newspapers, Smartphones & tablets, Internet subscription and gymnasium membership fees
NATIONAL BLUE OCEAN STRATEGY (NBOS) (RM 140 million)
- Provide Job Centres in every UTC for job matching
- Implement NBOS initiatives: 1Malaysia English, Coding in schools, Volunteering for International Professional, Global Entrepreneurship Community 2
- MDEC to implement digital programmes such as e-commerce ecosystem, Digital Maker Movement (RM162 million)
- Introduction of new location categories as Malaysia Digital Hub to enjoy the benefits of MSC Bill of Guarantees, including tax incentives as well as introduction of Digital Free Zones.
- Offer a more competitive price for broadbands (higher speed at the same price)
- Increase ethernet broadband speed in public universities to maximum 100 Gbps
- Widen the coverage and enhance the quality of broadband up to 20 Mbps throughout the nation (RM1 billion)
- Declare 2017 as Startup & SME Promotion Year.
- Implement programmes under SME Master Plan (RM75 million)
- Extend all schemes under Syarikat Jaminan Pembiayaan Perniagaan (SJPP) to 2025
- Provide 2% rebate on interest rates charged to exports - oriented SME borrowers under SJPP scheme (limited to a total accumulated funding of RM1 billion)
- WCGS fund for startups (RM200 million)
- Introduce a new pass category, namely Foreign Knowledge Tech Entrepreneurs to encourage investment in high technology startups.
- To invigorate creative industries & film production (RM80 million)
- Film in Malaysia Incentive, Arts and Culture Revitalisation Agenda, FINAS Content Creation Hub in Santubong Sarawak, and Kota Kinabalu, Sabah, Artist Committee
EARLY CHILDHOOD AND PRESCHOOL EDUCATION
- Continue the Additional Food Assistance and Per Capita Grant to children in TABIKA and TASKA (RM 140 million)
- Improve daily nutritional food packages to include 250ml of milk, raisins and eggs benefitting nearly 280,000 children (RM 60 million)
- Improve access to preschool education in government schools for free benefitting 200,000 children (RM 132 million)
PRIMARY AND SECONDARY EDUCATION
- Reconstruct 120 destitute schools (30 in Sabah & 30 in Sarawak) using Industrial Building System (IBS) and upgrade 1,800 science laboratories (RM 570 million)
- Complete construction of 227 schools, including 8 new schools (RM 478 million)
- Strengthen English Language proficiency programmes such as Cambridge English, Dual Language and Highly Immersive programmes (RM 90 million)
- MCMC to provide tablets to 430,000 teachers to lessen their workload (RM 340 million)
- Schooling Assistance Programme of RM 100 each to students from families earning below RM 3 , 000 benefitting 3 . 5 million students ( RM 350 million )
- Provide Hostel Meal Assistance Programme to 365,000 students (RM 1.1 billion)
- Continue 1 Malaysia Supplementary Food Programme for primary school students (RM 300 million)
- Provide Additional Assistance for Payment of School Fees ; Textbook Assistance and Per capita Grant Assistance (RM 1.1 billion)
- Provide matching grants of up to RM 50 for accumulated savings in SSPN-i to Year 1 students in fully - assisted Government schools.
- Provide Special Needs Student Allowance of RM 150 monthly to 67,000 students & replace buses or coasters for 21 special education schools (RM 107 million)
- Maintenance of National Schools, National - type Chinese Schools, National-type Tamil Schools, Religious Schools, Fully-residential schools, Government-aided religious schools, registered Sekolah Pondok and MRSM (RM 600 million)
EMPOWERING HIGHER EDUCATION
- Provide allocation for 20 public universities (RM7.4 billion), among others:
- 4 university hospitals (RM 1.4 billion)
- Empower 5 research universities (RM 300 million)
- Research fund for higher education institutions (RM 100 million)
- Replace book vouchers with student debit cards worth RM250 to purchase books, stationeries, computer devices and internet access benefitting 1.3 million students (RM300 million)
- Continue providing scholarships (RM4.3 billion) through Public Service Department (RM1.6 million), MARA (RM2 billion), MoHE (RM250 million), MoH (RM208 million), MoE (RM194 million), MoHR (RM28 million), and KBS (RM21 million).
- Discounts to encourage repayments of PTPTN loans effective 22 October 2016 till December 2017.
- 15 % discount on the outstanding debt for full settlement;
- 10 % discount for payment of at least 50 % of the outstanding debt made in a single payment; and
- 10 % discount for repayment through salary deduction or direct debit in accordance with the repayment schedule.
CHINESE AND INDIAN COMMUNITY
- Loans for Chinese Communities through:
- KOJADI (RM 50 million)
- Malaysian Chinese Women Entrepreneurs Foundation (RM 20 million)
- 1 Malaysia Hawkers and Petty Traders Foundation (RM 20 million)
- Programmes to increase capacity and income of Indians (RM50 million)
- Business financing programme, SPUMI through TEKUN (RM50 million)
- Programmes for financing Indian entrepreneurs (RM100 million)
- Preschool programme in National - typed Tamil Schools involving 50 schools (RM10 million)
EMPOWERING ECONOMY OF BUMIPUTERA
- To enhance the viability of entrepreneurs and to expand their business capacity through SME Bank (RM 100 million)
- To implement entrepreneurship programme under AIM (RM 100 million)
- To assist TEKUN small - scaled entrepreneurs , including a new scheme, TEMANITA (RM 300 million)
- Entrepreneurship and Business Premises Financing Programme through Perbadanan Usahawan Nasional Berhad (PUNB) (RM 200 million)
- MARA entrepreneurship programmes such as halal industry enterprises, youth entrepreneurship development & training (RM 120 million)
- TERAJU facilitation fund (RM 500 million)
- Exports Fund under TERAJU (RM 100 million)
- Peneraju Skil dan Iltizam, Peneraju Profesional as well as Peneraju Tunas through Bumiputera Education Steering Foundation (RM 100 million)
PRESCHOOL AND PERMATA DEVELOPMENT PROGRAMMES
- To increase allowance for KEMAS assistants to RM500, benefitting 11,000 assistants.
- Establish the Top STEM Talents Excellence Centre at Academy of Sciences Malaysia.
- Transform IPG Raja Melewar Campus, Negeri Sembilan and Tuanku Bainun Campus, Pulau Pinang to PERMATA Pintar and Berbakat Centre.
APPRECIATE CIVIL SERVANTS
- Fully Paid Study Leave with Scholarship to the Support Group.
- Quarantine Leave up to five days for civil servants whose children are infected with infectious diseases and required to be quarantined.
- Extend the existing computer loan facility to include smartphones, with a limit of RM5,000 for every 3 years.
- Increase the limit of motorcycle loan facility up to RM10,000.
- Increase the public servants’ housing loans eligibility to RM200,000 and RM750,000.
- Complete 30,000 units of 1Malaysia Civil Servants Housing (PPA1M) with selling price between RM90,000 – RM300,000.
- Extend the contract of service and contract for service officers for one year.
- Introduce grade 56 for medical and dental specialists.
- Expedite the appointment of 2,600 medical doctors, dentists and pharmacists latest by December 2016.
- Special assistance of RM500 to all civil servants and RM250 to government retirees.
Source: Malaysia Annual Budget 2017 / Bajet Malaysia 2017YAB Dato' Sri Mohd Najib Tun Haji Abdul Razak, Prime Minister and Minister of Finance table Budget 2017 on the 21 October 2016 in Parliament.
pdf: The 2017 Malaysia Budget Speech / Ucapan Bajet Malaysia 2017
pdf: List Of Appendices / Senarai Lampiran
pdf: Touchpoints 2017 Malaysia Budget / Touchpoints Bajet Malaysia 2017 Liked this post? Subscribe now to read more post like this one! Tweet