#Budget2015 Live from the Parliament: Development Expenditure: Economic sector RM29.3b, Social RM12.6b, Security RM4.9b, General Admin RM1.7b, Contigencies RM2b. 2015 estimated federal government revenue collection: RM235.2 billion, an increase of RM10.2 billion 2015 estimated GST revenue: RM23.2 billion, Government-exempted goods from GST: RM3.8 billion 7 strategies of #Budget2015: 1) Strengthening economic growth 2) Enhancing fiscal governance 3) Developing human capital & entrepreneurship 4) Advancing Bumiputera agenda 5) Upholding womens role 6) Developing national youth transformation programme 7) Prioritising rakyats well-being Services sector: Set up Services Sector Guarantee Scheme worth RM5 billion for SMEs with max financing of RM5 million RM10 million allocation to establish Research Incentive Scheme for Enterprises (RISE) to boost ICT/high-technology SMEs: Reintroduce Services Export Fund (SEF) totalling RM300 million to do market studies, boost exports Islamic Finance:Govt to introduce Investment Account Platform (IAP) for investors to develop SMEs, with RM150 million implementation startup Sukuk issuance: Deduction for expenses under Ijarah/Wakalah proposed to extend for 3 more years until 2018 Domestic Shipping: Establish Msia Protection & Indemnity (P&I) Club to ships/cargos with gross tonnage not exceeding 300 tonnes Managing Industrial Estates: 100% income tax exemption for 5 years in less developed areas, 70% exemption for other areas High labour intensive industries: 200% automation capital allowance for the first RM400m incurred from 2015-2017 Other labour intensive industries: 200% automation capital allowance for the first RM2m expenditure from 2015-2020 Infrastructure: Construction of 59km Sungai Besi-Ulu Klang Expressway (SUKE) totalling RM5.3 billion Infrastructure: Construction of 276km West Coast Expressway (Taiping to Banting) totalling RM5 billion
Posted on: Fri, 10 Oct 2014 08:46:59 +0000
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