{"id":15122,"date":"2022-10-07T17:21:17","date_gmt":"2022-10-07T09:21:17","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=15122"},"modified":"2022-10-07T17:21:18","modified_gmt":"2022-10-07T09:21:18","slug":"budget-2023-highlights","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=15122","title":{"rendered":"Budget 2023 highlights"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>KUALA LUMPUR, Oct 7 <\/strong>&#8212;\u00a0Following are the highlights of Budget 2023 tabled in Dewan Rakyat today by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Themed \u2018Keluarga Malaysia, Prospering Together\u2019,\u00a0Budget 2023 involves an allocation of RM372.3 billion and will be driven by the 3R\u00a0agenda &#8211; Responsive, Responsible and Reformist.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM-1024x674.png\" alt=\"budget 2023\" class=\"wp-image-15123\" width=\"541\" height=\"355\" srcset=\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM-1024x674.png 1024w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM-300x197.png 300w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM-768x505.png 768w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM-152x100.png 152w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM-350x230.png 350w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM-800x526.png 800w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM.png 1088w\" sizes=\"auto, (max-width: 541px) 100vw, 541px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">This is the second budget tabled under the government led by Prime Minister Datuk Seri Ismail Sabri Yaakob and also the second since the 12th&nbsp;Malaysia Plan was launched on Sept 27 last year.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Bantuan Keluarga Malaysia (BKM) to be improved with an allocation of RM7.8 billion,&nbsp;to benefit 8.7 million recipients.<\/li><li>BKM: New category of households with monthly income of below RM2,500 with five or more children will receive RM2,500.<\/li><li>E-wallet credit worth RM100 for the M40 group with an annual income of below RM100,000 under the e-Pemula M40 initiative.<\/li><li>Two percentage points cut on taxable income ranging from RM50,000 to RM100,000 for domiciled individuals.<\/li><li>Tax relief of childcare fees valued at RM3,000 will be extended until assessment year 2024.<\/li><li>One-off RM500 cash aid for mothers from BKM households who give birth in 2023 through the&nbsp;CahayaMata Keluarga Malaysia initiative.<\/li><li>Employers who hire youths aged 18 to 30 who are unemployed for over three months will receive employment incentive under Socso.<\/li><li>Loan facilities amounting to RM305 million will be provided through SME Bank, TEKUN, Mara, BSN and Agrobank, specifically for young entrepreneurs.<\/li><li>Government to bear the cost for B40 youth to obtain taxi, bus, e-hailing licences under the MyPSV programme.<\/li><li>The Pakej Remaja Keluarga Malaysia initiative to be extended until April 2023 to bridge the digital divide among youths.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/newmalaysiatimes.com\/\">NMT<\/a> as reported by <a href=\"https:\/\/www.bernama.com\/en\/news.php?id=2127069\">Bernama<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, Oct 7 &#8212;\u00a0Following are the highlights of Budget 2023 tabled in Dewan Rakyat&#8230;<\/p>\n","protected":false},"author":1,"featured_media":15123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,524,15],"tags":[],"class_list":["post-15122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-nation","category-politics"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM.png",1088,716,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM-150x150.png",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM-300x197.png",300,197,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM-768x505.png",640,421,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM-1024x674.png",640,421,true],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM.png",1088,716,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM.png",1088,716,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM.png",1088,716,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM.png",1024,674,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-07-at-5.20.03-PM.png",720,475,false]},"author_info":{"info":["Editor"]},"category_info":"<a href=\"https:\/\/newmalaysiatimes.com\/?cat=17\" rel=\"category\">Economy<\/a> <a href=\"https:\/\/newmalaysiatimes.com\/?cat=524\" rel=\"category\">Nation<\/a> <a href=\"https:\/\/newmalaysiatimes.com\/?cat=15\" rel=\"category\">Politics<\/a>","tag_info":"Politics","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/15122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15122"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/15122\/revisions"}],"predecessor-version":[{"id":15124,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/15122\/revisions\/15124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/15123"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}