Budget 2015: All On GST, Income Tax Reduction & Rising Costs of Living


PM-Najib-RazakThe much look after Budget 2015 will be announced by our prime minister tomorrow (Friday, 10 October 2014), everyone will be looking what will be tabled then.

We will update all highlights and interesting points of Budget 2015 Malaysia on timely basis and you can download or read the full speech of Budget 2015 here right after the announcement by Prime and Finance Minister, YAB Dato’ Sri Mohd Najib Bin Tun Haji Abdul Razak tomorrow (10 October 2014).

Based on our analysis & study, most people are interested on the soon implemented GST (Goods & Services Tax), Income Tax Reduction & measurements to help ease on the rising costs of living.

What do you expect from this Budget 2015 Malaysia? Follow us and give your comment and share your thoughts about the upcoming budget.

Let’s see what other newspapers talked about the Budget 2015:

News Strait Times Online: Budget 2015 to continue improving Malaysia’s economic fundamentals

The delivery of a fiscally-disciplined budget – this being the last Budget under the 10th Malaysia Plan (10MP) – would sustain growth and pull Malaysia away from any ratings downgrade.

Najib, who is also Finance Minister, would ensure that Budget 2015, like other financial blueprints, would be pro-business and people-friendly.

Likely proposals in Budget 2015 include announcements related to a review in the fuel subsidy mechanism, government debt management and incentives for Islamic banking and the capital market.

Read full details from News Strait Times Online

The Star Online: What to watch for (Budget 2015)?

Najib could announce reform of the fuel subsidy regime in order to move away from a blanket subsidy for all consumers in favour of a system that benefits lower to middle-income earners.

The government may look to reduce subsidies on essential food items, such as flour and cooking oil, as well as household gas, said RHB Research.

Bantuan Rakyat 1Malaysia (BR1M) could be increased by RM300 to RM950.

Read full details from The Star Online

Astro Awani: Malaysians vote ‘Cost of Living’ as the most important issue

The cost of living is considered to be the most vital issue among Malaysians ahead of the Budget 2015.

Apart from the ‘Cost of Living’, other categories listed in the top five are Employment, Housing and Urban Life, Education and Social Welfare: OKU & Other Disadvantaged Groups.

Meanwhile the Goods and Services Tax (GST) category, only received 10, 143 votes despite it being  a topic of debate since it’s announcement last year.

Read full details from Astro Awani