PM presents RM212 billion Budget 2011

The prime minister Datuk Seri Najib Tun Razak tabled Budget 2011 at the parliament where it totaled RM212 billion which is higher than 2010 by 2.8% higher. He said that achievement for 2011 is targeted at 6% coming in from the private sector. Income per capita will be RM28,000 at 6.1%. He presented the Budget themed "Transformation Towards a Developed and High-Income Nation" in 4 key strategies.

Private investments is expect to total RM12.5billion in 2011 under a few PPP projects that include the Ampang-Cheras-Pandan Elevated Highway, a 300-megawatt Combined-Cycle Gas Power Plant in Kimanis, Sabah, International Islamic University Malaysia Teaching Hospital in Kuantan; Women + Children’s Hospital and The Academic Medical Centre. 2011 will kick start the Greater KL MRT project and Warisan Merdeka.

Among the highlights and allocation to start next year are:
RM100million of soft loans to be disbursed as start up funds by the Malaysian Technology Development Corporation
A Private Pension Fund will be launched.
Income tax relief of up to RM6k for employees contributions to EPF will extend to Private Pension Fund contributions
Local E&E companies to be allocated RM857 million.
RM146 million for the oil, gas and energy inudstry
Import duty and excise duty exemption for hybrid cars until end of 2011.
Programme on Blending of Biofuels with Petroleum Diesel (B5 Programme) to be launched in June 2011
RM3.8 billion for the agriculture sector.
RM85 million to build hotels and resorts for remote areas.
RM3 billion eco-nature resort Nexus Karambunai, Sabah
RM100 million allocated for the tourism industry
RM127million for domestic oleo derivatives companies plus RM23.3m to expand downstream palm oil industries
RM119 million for Multimedia Development Corridor programme to stimulate the digital economy
Exemption of import duty and sales tax for broadband internet equipment extended until 2012.

RM339 million for Iskandar Malaysia
RM113 million for the Northern Corridor Economic Region
RM178million for the East Coast Economic Region
RM93million for Sarawak Corridor of Renewable Energy
RM411 million R&D&C activities
RM71 million for Special Innovation Unit UNIK
RM200m for the creative industry
RM29.3billion for the Ministry of Education
RM10.2biliion for the Ministry of Higher Education
RM627million for Ministry of Human Resource
Talent Corporation to be set up the Prime Minister’s Office
RM6.4 billion for schools, hostels, facilities and equipment
RM213 million to reward high-performance schools
RM250million for schools which are in the religious, Chinese-type, Tamil national, missionary, Government-assisted categories
RM576million for scholarships
RM213million to enhance proficiency in Bahasa Malaysia and English Language
RM50million to train ICT graduates by Multimedia Development Corporation (MdeC)
RM474million to enhance productivity and skills of non-graduates
RM599 million for the 1Malaysia Training Programme
RM200million for training centers to conduct part-time classes
RM200million for specific training programmes under the Human Resource Development Fund
Minimum wage for security guards set between RM500 and RM700
RM30million for the Single Mother Skill Incubator Programme and the Prime Entrepreneur and Women Activist
RM365 million for the Ministry of Youth and Sports
RM20 million to produce quality football players at the Football Academy in Pahang
RM1.2 billion for the Ministry of Women, Family and Community Development.
RM218 million to help 80,000 disabled individuals in assistance programme
Up to RM5,000 tax relief for parents who have to pay for daycare, caretakers, etc
RM6.9billion for basic infrastructure
RM2.1billion for Sabah and Sarawak to build and upgrade rural roads while for Peninsular Malaysia, RM696 million
Monthly allowance for Imams will be increased to RM750.
KAFA teachers will get increase of allowance to RM800
RM100million for programmes involving Orang Asli issues
No rise in toll rates from PLUS Expressway Berhad for 5 years
RM15.2 billion for new hospitals and more manpower and equipment
Build an additional 25 1Malaysia clinics on top of the 51 currently running
RM350 million for crime fighting programmes
RM1.9 billion for environmental friendly projects like River of Life and KL Greening
1MDB to supply multi-vitamins for primary school students.
RM20 million for the 1Malaysia Youth Fund




comments


Whats the point having impressive figure just to lure votes. It is the smooth running of govt machinery and a jovial atmosphere that prevail in this country that really matter. First thing come first and for heaven sake,dont go around to tipu the rakyat ! Inevitably,the people will bear the brunt through higer taxation and higher price of food. More project mean giving more chance for the goons to fill their own pocket. Nothing to cheer about but rather a day of apprehension !