For youths in the Klang Valley, Budget 2023's initiatives help to ease living expenses

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For youths in the Klang Valley, Budget 2023's initiatives help to ease living expenses
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The offer to PTPTN borrowers covers four categories, which is a 20 per cent discount on the remaining debt for full settlement of the loan and a 15 per cent discount for settlement of at least 50 per cent of the remaining debt.

KUALA LUMPUR, June 8 — When Helena Roshnee Eswaran started her first job after graduation, she faced the prospect of long-term financial commitments to repay her National Higher Education Fund Corporation loan.

In tabling the Budget, Prime Minister Datuk Seri Anwar Ibrahim stated his administration's intention to ease the financial burden of these borrowers amidst the challenging economic climate. “However after entering the workforce, having access to this initiative eases the financial burden as a fresh grad with not much savings,” she said.

As a regular commuter, the travel pass has significantly reduced his transportation expenses, the business development manager said. As someone who is not a Klang Valley native, 25-year-old Ivan Lim said the continuation of the travel pass is very much welcomed as it has helped ease the daily commute from his Shah Alam home to the city centre.

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