Budget 2023: Anwar announces additional initiatives, income tax relief for SSPN extended to 2024

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim on Wednesday (March 29) announced several additional initiatives in Budget 2023.

Anwar, who is also the Finance Minister, when tabling the Supply Bill 2023 or the national budget for the second reading in the Dewan Negara today said that the new additional initiative involves Aidilfitri assistance, an extension of individual tax relief and the provision of housing credit through the Syarikat Jaminan Kredit Perumahan .

"So, the government has agreed to give another RM200 in the Special Aidilfitri Assistance to 850,000 rubber smallholders, paddy farmers and fishermen, in addition to what was announced before. This will cost RM170mil,” he said. In Budget 2023 tabled on Feb 24, the government announced the Special Aidilfitri Assistance of RM300 per month for fishermen, RM200 per month for rice farmers for a period of three months per season as well as increasing the monsoon contribution from RM600 to RM800 for a period of four months to rubber smallholders.

Anwar also announced the extension of individual income tax relief of up to RM8,000 for net savings in the National Education Savings Scheme until 2024.

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