Page 119 - Malaysia 2016
P. 119
2016 119
Federal Government Financial Position 4. Increase home ownership for low-
2015 – 2016 income group:
2015 2016 2016 (Revised) • All houses priced up to RM300,000
(RM are limited to rst-time house
billion) Budget Revised Budget buyers
Actual
• To organise Jelajah Ekspo
BRENT 52 48 35 30
(USD/barrel) Pemilikan Rumah Bersepadu
219.1 225.7 217.9 216.3 • To provide nancing package at 4%
Revenue 217.0 215.2 211.2 210.7
Operating Exp. for low-cost houses (PPR) priced at
RM35,000
Current Acc. Bal. 2.1 10.4 6.7 5.6 5. 30% of HRDF contribution (RM200
million) will be provided for reskill and
Development Exp. 40.8 50.0 46.0 45.0 upskill programmes including the
(Loan Recoveries) -1.5 -0.8 -0.8 -0.8 retrenched workers
Overall Balance -37.2 -38.8 -38.5 -38.7 6. Revenue Enhancement:
(% to GDP) -3.2 -3.1 -3.1 -3.1
• To double efforts with regard to
Federal Govt. 54.3 52.2 52.5 52.7 compliance and auditing on tax
Debt 82 evaders
(% to GDP)
• To relax penalty on taxpayers to
11 RECALIBRATION MEASURES encourage taxpayers to declare
past year income
1. To reduce employees’ EPF contribution
by 3% (March 2016 – • To limit the sales of cigarettes and
liquors to only licensed duty-free
December 2017)
outlets
2. To provide a special tax relief of • To tighten the policy on the
RM2,000 to individual tax payers with
monthly income of RM8,000 or below importation of vehicles in duty-
for YA2015. free islands
• To optimise revenue from telco
3. Reduce costs of basic necessities: spectrum through redistribution
and bidding
• To develop strategic areas
owned by government through
bidding process
• To liberalise APs on eight 7. To streamline the management of the
foreign workers system
agricultural produce
• To establish MyFarm Outlets –
direct selling for basic agricultural • To implement the Rehiring
Programme for illegal Foreign
produce Workers
• To increase the number of fair
price shops to 1,000 shops
• To provide input incentive for 8. Prudent and optimised spending
paddy production at RM50 for
every metric tonne • To rationalise supplies and
• To introduce MyBeras services outlays, grants to
programme for hardcore poor Government Trust Funds, Federal
households Statutory Bodies and
• Enforcement on non-ethical Government-Linked Companies
businesses (proteering) (GLCs)
Federal Government Financial Position 4. Increase home ownership for low-
2015 – 2016 income group:
2015 2016 2016 (Revised) • All houses priced up to RM300,000
(RM are limited to rst-time house
billion) Budget Revised Budget buyers
Actual
• To organise Jelajah Ekspo
BRENT 52 48 35 30
(USD/barrel) Pemilikan Rumah Bersepadu
219.1 225.7 217.9 216.3 • To provide nancing package at 4%
Revenue 217.0 215.2 211.2 210.7
Operating Exp. for low-cost houses (PPR) priced at
RM35,000
Current Acc. Bal. 2.1 10.4 6.7 5.6 5. 30% of HRDF contribution (RM200
million) will be provided for reskill and
Development Exp. 40.8 50.0 46.0 45.0 upskill programmes including the
(Loan Recoveries) -1.5 -0.8 -0.8 -0.8 retrenched workers
Overall Balance -37.2 -38.8 -38.5 -38.7 6. Revenue Enhancement:
(% to GDP) -3.2 -3.1 -3.1 -3.1
• To double efforts with regard to
Federal Govt. 54.3 52.2 52.5 52.7 compliance and auditing on tax
Debt 82 evaders
(% to GDP)
• To relax penalty on taxpayers to
11 RECALIBRATION MEASURES encourage taxpayers to declare
past year income
1. To reduce employees’ EPF contribution
by 3% (March 2016 – • To limit the sales of cigarettes and
liquors to only licensed duty-free
December 2017)
outlets
2. To provide a special tax relief of • To tighten the policy on the
RM2,000 to individual tax payers with
monthly income of RM8,000 or below importation of vehicles in duty-
for YA2015. free islands
• To optimise revenue from telco
3. Reduce costs of basic necessities: spectrum through redistribution
and bidding
• To develop strategic areas
owned by government through
bidding process
• To liberalise APs on eight 7. To streamline the management of the
foreign workers system
agricultural produce
• To establish MyFarm Outlets –
direct selling for basic agricultural • To implement the Rehiring
Programme for illegal Foreign
produce Workers
• To increase the number of fair
price shops to 1,000 shops
• To provide input incentive for 8. Prudent and optimised spending
paddy production at RM50 for
every metric tonne • To rationalise supplies and
• To introduce MyBeras services outlays, grants to
programme for hardcore poor Government Trust Funds, Federal
households Statutory Bodies and
• Enforcement on non-ethical Government-Linked Companies
businesses (proteering) (GLCs)
