With a value of RM393.8 billion, the total allocation for this year's federal budget is the highest in history.
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Image via Parlimen Malaysia 3. RM2.4 billion will be allocated to improve civil servants' quarters The Finance Minister said the money will be used to build, maintain, and repair quarters for civil servants, teachers, hospital staff, policemen, soldiers, and firefighters. As for international artistes, as well as performances like musicals, film screenings, and sporting events, they will only be charged a 10% entertainment tax.
Image via Parlimen Malaysia 7. RM2.8 billion will be allocated for road maintenance and federal bridges Anwar said RM300 million out of the RM 2.8 billion will be specifically allocated for G1 to G4 contractors. Image via New Straits Times 10. Employee Provident Fund to establish an account for members to withdraw at any time Anwar said the proposal can empower EPF members to manage their retirement savings.In July, EPF chief strategy officer Nurhisham Hussein said those who sign up for an 'Account 3' will be able to transfer their savings from Accounts 1 and 2 to Account 3, from which people will be able to make unconditional withdrawals.
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