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    Budget 2011 Highlights – Kandungan Bajet 2011

    By admin | October 15, 2010

    http://www.vawatchdog.org/10/pix10/budget-2011-wht.jpg

    Hi readers,

    As we know today the Budget 2011 was presented by our Prime Minister Datuk Seri Najib Razak. This 2011 Budget aimed to transform the nation into a developed and high-income economy with inclusive and sustainable development.

    So let go on to the Budget 2011 highlights (Kandungan Bajet 2011) as below :-

    * The deficit for 2011 is expected to further decline to 5.4% of GDP, compared with 5.6% in 2010.

    * Government revenue collection is estimated to increase 2.3% to RM165.8 billion in 2011, up from RM162.1 billion in 2010.

    * RM45.6 billion will be allocated for development expenditure, RM15.5 billion for the social sector.

    * RM212 billion allocated for Budget 2011, which is 2.8% higher than the allocation for 2010.

    * Civil servants’ burden in coping with schooling expenses to be reduced by providing a Special Financial Assistance of RM500.

    * The government agrees to abolish the Competency Level Assessment/PTK and replace it with a more suitable evaluation system by June 2011.

    * 1Malaysia Development Fund Bhd (1MDB) will provide RM20 million to the 1Malaysia Youth Fund. This fund will be utilised to instill the 1Malaysia spirit.

    * To assist children, particularly from low-income families, excel academically, the 1MDB will provide multi-vitamins for primary school pupils.

    * RM1.9 billion allocated to environmental preservation, including implementing the River of Life Programme and KL greening.

    * RM70 million allocated for programs with select NGOs to help the government strengthen the family institution and address social ills e.g. baby dumping.

    * RM350 million allocated to implement various programmes to combat crime, including burglary, motorcycle and car thefts.

    * The government will provide an additional 25 1Malaysia clinics. Since 2009, 51 1Malaysia clinics are in operation.

    * RM15.2 billion allocated to build new hospitals, increase the number of doctors and nurses as well as to obtain supplies of medicines and equipment.

    * Toll rates in four highways owned by Plus Expressway Bhd will not be raised for the next five years, effective immediately.

    * RM100 million allocated to implement various programmes, including resolving Orang Asli land rights and border settlement issues.

    * The monthly allowance for KAFA teachers will be increased to RM800, an increase from RM500, starting January 2011.

    * Effective January 2011, the monthly allowance of imam will be increased from RM450 to RM750.

    *Allowances for JKKK, JKKP, JKKK Orang Asli chairmen and Tok Batin increased to RM800.

    * Government to establish a 1Malaysia Smart Consumer portal to help the rakyat keep abreast with price movements of retail goods.

    * RM974 million allocated as price subsidy for paddy, fertilisers and paddy seeds. RM230 million for production incentives and increasing paddy yield.

    * Build and upgrade rural roads in Sabah and Sarawak with an allocation of RM2.1 billion and RM696 million in Peninsular Malaysia.

    * RM2.1 billion allocated to build and upgrade rural roads in Sabah and Sarawak.

    * RM6.9 billion allocated to implement basic infrastructure such as water and electricity supply as well as rural roads.

    * First-time house buyers will be given stamp duty exemption of 50% on instruments of transfer on a house price not exceeding RM350,000.

    * Government will extend tax relief of up to RM5,000 to help parents with expenses such as daycare, caretakers and other daily needs.

    * Government will launch assistance programme to benefit 80,000 disabled individuals with an allocation of RM218 million

    * In 2011, the government will allocate RM1.2 billion to the Ministry of Women, Family and Community Development.

    * To develop football, the government will establish a Football Academy in Pahang with RM20 million to produce quality football players.

    * For sports development and management, a sum of RM365 million is allocated to the Ministry of Youth and Sports.

    * Government will allow flexibility to self-determine fully-paid maternity leave, not exceeding 90 days from the current 60 days.

    * Government will provide 40 1Malaysia Taska (nurseries) to assist women to obtain quality childcare and early education for their children.

    * RM30 million allocated to introduce the Single Mother Skill Incubator Programme and the Prime Entrepreneur and Women Activist Award.

    * Government will enforce basic minimum wages for security guards, to between RM500 and RM700 a month depending on location.

    * RM200 million from the Human Resource Development Fund to be used by companies to fund specific training programmes for their employees.

    * RM200 million allocated to conduct part-time training in the evenings and weekends in selected training centres nationwide.

    * 1Malaysia Training Programme will commence in January 2011 with an allocation of RM500 million.

    * RM474 million provided to enhance productivity and skills of non-graduates.

    * Government will also allocate RM50 million to Multimedia Development Corporation to train graduates in ICT.

    * RM60 million allocated to further intensify the Industrial Skill Enhancement Programme in state skills development training centres.

    * RM20 million allocated to increase PhD qualified academic staff to 75% in research universities and to 60% in other higher learning institutions.

    * RM213 million allocated to enhance proficiency in Bahasa Malaysia, strengthen the English language.

    * RM576 million allocated in the form of scholarships for those wishing to further their studies.

    * RM250 million allocated for development expenditure to schools: religious, Chinese-type, Tamil national, missionary and government-assisted.

    * The government will also strengthen the curriculum and appoint 800 pre-school graduate teachers.

    * Government will increase pre-school enrollment rate to a targeted 72% by end-2011 through an additional 1,700.

    * RM213 million is allocated to reward high-performance schools.

    * RM6.4 billion is allocated for development expenditure to build and upgrade schools, hostels, facilities and equipment.

    * Government will establish a Talent Corporation under the Prime Minister’s Office in early 2011.

    * RM29.3 billion allocated for Ministry of Education, RM10.2 billion for Ministry of Higher Education and RM627 million for Ministry of Human Resources.

    * The government proposes that the rate of service tax be increased from 5% to 6%.

    * RM200 million is allocated to purchase creative products such as high quality locally-produced films, dramas and documentaries.

    * For Sarawak Corridor of Renewable Energy, RM93 million is allocated for facilities.

    * RM178 million is allocated for the East Coast Economic Region projects.

    * RM133 million is allocated for the Northern Corridor Economic Region.

    * For Iskandar Malaysia, a sum of RM339 million is allocated.

    * Corridor and regional development will be accelerated. The government has allocated RM850 million for infrastructure support.

    * The government proposes that sales tax be exempted on all types of mobile phones.

    * Import duty and sales tax exemption on broadband equipment are also extended for two years until 2012.

    * Multimedia Development Corridor programme allocated RM119 million. Focus is on creating an innovative digital economy.

    * RM127 million to be allocated to support domestic oleo derivatives companies and RM23.3 million to expand downstream palm oil industries.

    * Measures include encouraging replanting activity to replace aged trees with high quality new clones through RM297 million.

    * In efforts to propel the palm oil and related products industry, several measures will be implemented.

    * The government proposes that import duty on approximately 300 goods preferred by tourists and locals, at 5% to 30% be abolished.

    * To support the tourism industry, the government will allocate RM100 million.

    * RM3 billion eco-nature resort Nexus Karambunai in Sabah to commence in 2011.

    * Infrastructure facilities to be allocated RM85 million to facilitate construction of hotels and resorts in remote areas.

    * The government allocates RM3.8bn in 2011 to increase productivity and generate higher returns in the agriculture sector.

    * The government will implement the Programme on Blending of Biofuels with Petroleum Diesel (B5 Programme) in June 2011.

    * Malaysia is committed to reducing carbon emission intensity to preserve the environment.

    * Tax exemption on income from trading of Certified Emission Reductions certificate to extend until year of assessment 2012.

    * Hundred percent import duty and excise exemption for hybrid vehicles. To further encourage ownership of hybrid cars, import duty and excise duty exemption will be extended until Dec 31, 2011.

    * The government is committed to develop green technology to ensure sustainable development.

    * The government will allocate RM146 million to support the oil, gas and energy industry.

    * A sum of RM857 million is allocated for local E&E companies to compete at the international level.

    * Existing income tax relief of up to RM6,000 for employees contributions to EPF will extend to Private Pension Fund contributions.

    * To revitalise capital market activities, the government will launch a Private Pension Fund in 2011.

    * The Malaysian Technology Development Corporation will be provided a start-up fund amounting to RM100 million to provide soft loans.

    * The government will provide Entrepreneurship Enhancement Training Programme to train 500 technopreneurs and attract more angel investors.

    * Efforts will be taken to strengthen Malaysia’s position as a premier Islamic capital market.

    * The government will implement bold measures to revitalise the domestic capital market.

    * A new landmark, Warisan Merdeka, expected to be completed in 2020, will include a 100-storey tower, the tallest in Malaysia.

    * Another major project is the development of the Malaysian Rubber Board land in Sungai Buloh covering an area of 2,680 acres.

    * Greater KL MRT to be implemented from 2011. When complete, public transport utilisation rate expected to rise to at least 40%.

    * Another project identified is the Academic Medical Centre. This project involves private investment of RM2 billion.

    * Development of International Islamic University Malaysia Teaching hospital in Kuantan; Women and Children’s hospital.

    * Construction of a 300-megawatt Combined-Cycle Gas Power Plant in Kimanis, Sabah.

    * Construction of highways such as the Ampang-Cheras-Pandan Elevated Highway.

    From: FreeMalaysiaToday – salient points as tweeted by the Prime Minister’s office

    For Budget 2011 economic highlights visit here

    For “Intipati Bajet 2011 Bahasa Melayu” visit here

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    Topics: Info | 3 Comments »

    3 Responses to “Budget 2011 Highlights – Kandungan Bajet 2011”

    1. Budget 2011 Highlights - Kandungan Bajet 2011 | Gvishnu.Com tuition university Says:
      October 15th, 2010 at 11:26 pm

      [...] here:  Budget 2011 Highlights – Kandungan Bajet 2011 | Gvishnu.Com By admin | category: Malaysia, University of Technology | tags: academic, complex, [...]

    2. ken Says:
      October 16th, 2010 at 12:19 am

      no thoughts on the budget? :)
      ken´s last blog ..12 Remarks on Malaysia Budget 2011My ComLuv Profile

      [Reply]

    3. Harga kenderan APC tiga kali ganda « ALIRAN :: Download Terbaru Says:
      November 6th, 2010 at 10:15 am

      [...] Budget 2011 Highlights – Kandungan Bajet 2011 | Gvishnu.Com [...]

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