PETALING JAYA: Nine million recipients see a RM600 increase in Rahmah Cash Aid to RM3,700, up from RM3,100.
Improving livelihood: Anwar holding up Budget 2024 after the tabling of Budget 2024 at Parliament. — AZHAR MAHFOF/The Star
Half of the allocation would be used for price controls and for the benefit of the public, such as the RM225mil set aside for the distribution costs of basic necessities like fuel, flour, rice and oil. “This approach would reduce the government’s subsidy burden, but at the same time would have minimal impact on the public as the cost of goods would be controlled,” he said in tabling Budget 2024 in the Dewan Rakyat yesterday.
This is in tandem with Putrajaya’s proposed introduction of a tiering system for investment incentives, especially in “high-growth, high-value” industries where a tax allowance of between 70% to 100% would be allocated for the purpose of facilitating the creation of new economic clusters and to balance the country’s economic sustainability.
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