THE COMPASSIONATE BUDGET 2013



“PROSPERING THE NATION, ENHANCING WELL-BEING OF THE RAKYAT:
A PROMISED FULFILLED”

“Please join my colleagues and I to fulfil our potential towards developing a country that we can be truly proud of. A country where the weak are protected, those in need get help, the strong protect, the young loved, the elderly are valued, those in need assisted and those with potentials given opportunities”

Dato’ Sri Mohd. Najib Tun Abdul Razak
Prime Minister and Minister of Finance Malaysia
The 2013 Budget Speech, 28 September 2012


Operating Expenditure            = RM201.9 billion
Development Expenditure      = RM  49.7 billion
Total Budget Allocation           = RM251.6 billion

Pre-School and School Children
  • RM1.2 billion to enhance pre-school education.
  • RM380 million will be allocated to MOE for placement of kindergarten teachers.
  • RM10,000 grant to assist operators of the centre of Early Childhood Care and Education to open a new and high-quality pre-school – will benefit 10,000 private pre-schools.
  • School children who travel by school bus will get insurance coverage in the event of accident with a maximum coverage to RM100,000.
  • Employers will get double deduction on the allowance or subsidies provided to the employees and expenses for the maintenance of childcare centre.
  • A pilot project to build kindergarten for children with disabilities (Taska OKU)   – include six categories of disabilities.
  • RM2.6 billion in welfare aid for schoolchildren – will benefit 5.4 million students.
  • RM100 as a Schooling Assistance to all primary school students.
  • Children aged below 12 years old will benefit 50% reduction for passport processing fee, RM300 to RM150. The RM100 fee will be reduced to RM80.


Teenagers and Youth
  • RM200 rebate for purchasing smart phone for those aged 21 – 30 years, with monthly income of RM3,000 and below – benefiting 1.5 million youths.
  • RM50 million is allocated for the New Entrepreneur Foundation to assist young ICT entrepreneurs.
  •  RM50 million is allocated for the Young Entrepreneurs Fund by the SME Bank – a  soft loan for youth aged 30 and below, 2 percent subsidy of interest rate for loan up to RM100,000.
  • Cash assistance of RM250 for single individuals aged 21 and above and earning not more than RM2,000 a month – will benefit 2.7 million individual
  • RM100 as a Schooling Assistance to all secondary school students.
  • All students in higher learning institutions and at pre-university level are entitled for 1Malaysia Book Voucher programme with amount of RM250.
  • RM50 million to train 3,200 Malaysian-Indian students in the estate to equip them with skills in line with market demand.
  • RM3.7 billion allocation to train students in technical and vocational fields.
  • RM200 million for Graduate Employability Taskforce to strengthen the employability for unemployed diploma and degree graduates.
  • RM440 million will be allocated for Skills Development Fund Corporation to provide loans for trainees to undergo skill training – will benefit 40,000 Malaysia Skill Certificate’s trainers’  from level 1 to 5.
  • Repayment of full loan within a year effective on 1 October 2012 until 30 September 2013, a discount of 20% will be given on their loan.
  • Consistent repayment of PTPTN loan based on their repayment schedule will enjoy 10% discount per annum effective on 1 October 2012.

  
Adults 
  • Individual income tax rate to be reduced by one percentage point for each group annual income tax exceeding RM2,500 to RM50,000 – 170,000 tax payers are free from paying tax.
  • One-and-a-half month bonus for 1.4 million civil servants.
  • People’s Financial Assistance (BR1M 2.0) – RM500 for total household earning less than RM3,000 -  to benefit 4.3 million households.
  • 100,000 women aged 40 and above will get free mammogram examination – allocation RM25,000.
  • RM3,000 withdrawal from EPF Account 2 to meet Haj cost for Jemaah Muassasah only.
  • RM200 million to enable 1.4 million SOCSO members age 40 – 55 to undergo free health screening in government hospitals and SOCSO’s panel clinics.
  • 50% discount on KTM commuter fares for all Malaysians who earn below RM3,000.
  • Individual income tax to be reduced by one percentage point for each grouped annual income tax exceeding RM2,500 to RM50,000 – 170,000 taxpayers will be exempted.
  • Fixed processing fee for civil servants’ housing loan at RM100 for any amount.
  • Parents will enjoy tax exemption on the children’s higher education which is increased to RM6,000 per person.
  • Parents will enjoy a tax exemption for up to RM6,000 for saving in National Education Savings Scheme(SSPN).
  • RM200 a month special incentives for armed forces personnel, effective on January 1, 2013 – 125,708 will benefit.


Pensioners and Senior Citizen
  • Increased minimum pension from RM720 to RM820 – benefiting 50,371 civil pensioners.
  • Senior citizen will benefit 50% discount on passport processing fee. Processing fee for RM300 will be at RM150 and RM100 will be at RM80.
  •  ‘One-off’ assistance of RM1,000 for former members of the armed forces who have opted for early retirement and without pension – benefit 224,000 former members.
  • One-off payment of RM1,000 for veterans who served for at least 21 years, and did not receive any pension – 224,000 will benefit.



Community
  • Six more Anjung Singgah (Temporary Shelter for the homeless) will be built including five in Sibu, Miri, Temerloh, Seremban and Ipoh Hospital.
  • Grant of RM40 million for 4,025 residents association registered under Registry of Society Malaysia – each association will receive RM10,000.
  • RM39 million allocated to finance 6,500 neighbourhood watch (Rukun Tetangga) to safeguard the neighbourhood.
  • RM150 million allocation to establish 100 1Malaysia Internet Centres in indentified People’s Housing Project (PPR).
  • 123,000 units of affordable houses in strategic location with allocation of RM1.9 billion.
  •  RM20 million allocations to establish additional 70 new 1Malaysia Clinics.


Small and Medium Enterprises (SME’s)
  • Three years income tax exemption for tour operators who bring in at least 750 foreign tourists or handle 1,500 local tourists a year.
  • 1.5 million hawkers and small businesses who are registered with Companies Commission of Malaysia will benefit from the Group Insurance Coverage Scheme - Maximum coverage up to RM5,000.
  • Soft loans for hawkers and small businesses under Transformation Programme to support efforts to modernise their operations to achieve higher standard and competition.
  • Fund of RM1 billion to accelerate the SME’s growth and expansion nationwide.
  • RM200 million for the Halal Industry Fund to finance the working capital of participating SME’s.
  • RM1 billion as Bumiputera Financing Fund to assist local SMEs to finance the acquisition of GLC subsidies engaged in non-core activities.
  • 55,000 small entrepreneurs particularly women will benefit from Get Malaysian Business Online Programme to promote their businesses by increasing their sales online.
  • RM350 million will be allocated for Tabung Ekonomi Kumpulan Usaha Niaga (TEKUN) to give loan on facilities to small-scale entrepreneurs, including RM50 million to Malaysian-Indian entrepreneurs.
  • School bus operators will benefit – RM10,000 cash rebate and two per cent subsidy of interest rate for loan to change to a new bus.


Fishermen and Farmers
  • Living allowance of RM200 per month for 55,000 registered fishermen.
  • 55,000 registered fishermen will receive incentive ranging from 10 to 20 sen per kilogram to encourage fish landings at licensed jetties nationwide.
  • Fishermen will get benefit from Fishermen Insurance Scheme with maximum coverage of RM100,000.
  • RM2.4 billion incentive and subsidies for padi production 
         - Subsidy on padi price - RM480 million
         - Padi fertilizers - RM465 million
         - Incentive to increase padi yield – RM80 million
         - Padi production – RM563 million
         - Subsidy on price of rice – RM528 million
         - High-quality-padi seeds – RM85 million
  • Padi planters will get benefit from Padi Takaful Coverage Scheme – Benefiting 172,000 padi farmers who own fields less than 10 hectare 
  • Each farmer will receive compensation estimated RM13,000.
  • RM41 million will be allocated to the AZAM Tani project to benefit 6,730 participants.








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