KUALA LUMPUR: A number of taxation reform measures will be implemented next year to expand the country's revenue base and at the same time not burden the majority of the people.
KUALA LUMPUR: These are the highlights of Budget 2024 tabled in Dewan Rakyat on Friday by Prime Minister Datuk Seri Anwar Ibrahim.Themed"Reformasi Ekonomi, Memperkasakan Rakyat" , Budget 2024 involves an allocation of RM393.8bil with RM303.8bil for operating expenditure and the remaining RM90bil for development expenditure, with RM2bil in contingency savings.
– Legal Aid Department will be strengthened to ensure equal access to justice for underprivileged citizens – Transfer of regulatory powers for Sabah's electricity supply to the state government to take effect on Jan 3, 2024.– 2026 has been set as Visit Malaysia Year, targeting the arrival of 26.1mil foreign tourists and an estimated domestic spending of RM97.
– Government to allocate RM58.1bil to fund various initiatives including subsidies, incentives and assistance, with almost 50% of the allocation for controlling prices of goods and services.– Allocation for Rahmah Cash Aid raised to RM10bil from RM8bil in 2023, to benefit nine million recipients
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