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Finance Minister Tables 2023 Supply Bill In Parliament

Finance Minister Tables 2023 Supply Bill In Parliament

The government has allocated RM372.3 billion in the recent budget to help multiple stakeholders.

Ikhwan Zulkaflee

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Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz is presenting the Government’s 2023 Supply Bill in Parliament today amidst rumors that a snap election may be called.

  • Allocation for the 2023 Budget is at RM372.3 billion – the biggest budget yet in the nation’s history.
  • RM7.8 billion is allocated for Bantuan Keluarga Malaysia to benefit 7.8 million recipients.
  • A one-off payment of RM2,500 is being allocated per household with incomes of under RM2,500 a month, and with 5 or more children.
  • RM235 million allocated to women entrepreneurship.
  • RM188 million was set aside for children’s development under the Community Development Department.
  • The E-Pemula programme will be continued and the credit will be increased to RM200 for each recipient. RM400 million were allocated for the programme which would benefit 2 million youths aged 18 to 20, as well as full-time tertiary students.
  • RM200 million is set aside to subsidise the cost to transport basic necessities to ensure that the price of goods is sold at a reasonable price for consumers living in rural areas.
  • RM55.6 billion were allocated to the Education Ministry.
  • RM777 million is set aside for the Supplementary Food Programme (RMT) for schoolchildren from poor families, which will benefit 800,000 students as well as 7,300 school canteen operators.
  • RM6.7 billion allocated to empower the Technical and Vocational Education and Training (TVET) institutions.
  • RM10 million was allocated for e-hailing travel vouchers for the disabled community.
  • Multiple assistances worth RM1.8 billion for paddy farmers, fishermen and small-scale planters.
  • RM9 billion were set aside for Syarikat Jaminan Pembiayaan Perniagaan (SJPP), a wholly-owned company of the Minister of Finance Incorporated to help small and medium to secure business loans.
  • The government pledged to go down hard on cigarettes and liquor smuggling activities.
  • The Social Security Organisation (Socso) will be continued with RM80 million set aside for the programme.
  • Petronas agreed to contribute RM2 billion into the National Trust Fund (KWAN) for the procurement of vaccines and any related expenditures.
  • The government will utilise about 830 hectares of land banks of Felda, Felcra and Risda and other agencies under the Ministry of Agriculture and Food Industries to tackle the food security issues.
  • RM15 billion set aside for flood and natural disaster mitigation plans (RTB) up to 2030.
  • RM8 million set aside to set up 13 MYFutureJobs satellite centre at UTCs across the country.
  • Teachers that have been in the service for more than 10 years will get five extra leave next year. Teachers that have been in the service for more than 10 years will get five extra leave next year.
  • RM700 special Aidilfitri allowance for all civil servants grade 56 and below in 2023. RM300 for one million retired civil servants in the country.
  • RM364 million for research and development purposes under Higher Education Ministry and Science, Technology and Innovation Ministry.
  • RM10 million to promote local products under the Buy Malaysian Product campaign.
  • RM332 million was allocated for sports with RM145 million set aside to build and upgrade the sports facilities across the nation.
  • Worried about the Malaysian waistline, the government set aside RM15 million under the Agenda Nasional Malaysia Sihat (ANMS) to promote a healthy lifestyle and reduce the risk of a terminal disease.
  • RM8 billion will be spent to ensure 100% internet coverage for all populated areas in the country and to provide fibre optic coverage to 8 million premises across Malaysia by 2025.

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