BUDGET-2015
Budget 2015 comprehensive, covers all aspects - Muhyiddin
Deputy Prime Minister Tan Sri Muhyiddin Yassin
Deputy Prime Minister Tan Sri Muhyiddin Yassin has described the 2015 Budget as quite comprehensive and covered all aspects as aspired by the people.
He described the essence of the budget which touched on the national economic development and efforts to tackle the problems of the people as being most appropriate for the theme which was "Budget 2015: the People Economy".
"When tabling the budget just now, it firstly touched on the national development strategy to balance between the people's economy and development.
"So, the measures proposed in the budget appeared as though they would strengthen our national fiscal position, financial position and our national economy," he told reporters at the Parliament Lobby after the tabling of the 2015 Budget by Prime Minister Datuk Seri Najib Tun Razak today.
When tabling the budget, Najib announced a budget totalling RM273.9 billion of which RM223.4 billion was for operating expenditure while RM50.5 billion was for development.
Under the development allocation, the economic sector recieved the highest portion at RM29.3 billion, followed by the social sector (RM12.6 billion), security (RM4.9 billion), administration (RM1.7 billion) and contingency (RM2 billion).
Muhyiddin said the budget also outlined clearly the measures taken by the government in tackling basic issues or problems faced by the people.
He said the extensive explanation by the Prime Minister on the Goods and Services Tax (GST) when tabling the budget would give comfort to the people especially the extensive tax relief on goods and services.
"The Prime Minister's announcement confirms that the GST will proceed and will be implemented in 2015...after the lengthy explanation by the Prime Minister just now we are convinced that it will not be a burden," he said.
Muhyiddin added that the introduction of the GST by the government aimed to strengthen the country's financial position besides the fact that the tax revenue could be distributed to the targeted group.
Muhyiddin, who is also the Education Minister, welcomed the increase in the allocation for the Education Ministry next year which rose from RM54.6 billion this year to RM56 billion.
He said that the allocation this year included an increase in the special allocation of RM750 million for the maintenance of schools nationwide which now stood at almost 10,000 schools.
"We are also thankful that the subsidy of RM100 is still continued, although there are groups who argue that those families earning high income should not receive the payment but the Prime Minister may be thinking that education is for all students who now number more than five million.
"In addition, the book vouchers and all the schooling aid can ease the burden of the parents and they will be given to the students early next year," he said.
He described the essence of the budget which touched on the national economic development and efforts to tackle the problems of the people as being most appropriate for the theme which was "Budget 2015: the People Economy".
"When tabling the budget just now, it firstly touched on the national development strategy to balance between the people's economy and development.
"So, the measures proposed in the budget appeared as though they would strengthen our national fiscal position, financial position and our national economy," he told reporters at the Parliament Lobby after the tabling of the 2015 Budget by Prime Minister Datuk Seri Najib Tun Razak today.
When tabling the budget, Najib announced a budget totalling RM273.9 billion of which RM223.4 billion was for operating expenditure while RM50.5 billion was for development.
Under the development allocation, the economic sector recieved the highest portion at RM29.3 billion, followed by the social sector (RM12.6 billion), security (RM4.9 billion), administration (RM1.7 billion) and contingency (RM2 billion).
Muhyiddin said the budget also outlined clearly the measures taken by the government in tackling basic issues or problems faced by the people.
He said the extensive explanation by the Prime Minister on the Goods and Services Tax (GST) when tabling the budget would give comfort to the people especially the extensive tax relief on goods and services.
"The Prime Minister's announcement confirms that the GST will proceed and will be implemented in 2015...after the lengthy explanation by the Prime Minister just now we are convinced that it will not be a burden," he said.
Muhyiddin added that the introduction of the GST by the government aimed to strengthen the country's financial position besides the fact that the tax revenue could be distributed to the targeted group.
Muhyiddin, who is also the Education Minister, welcomed the increase in the allocation for the Education Ministry next year which rose from RM54.6 billion this year to RM56 billion.
He said that the allocation this year included an increase in the special allocation of RM750 million for the maintenance of schools nationwide which now stood at almost 10,000 schools.
"We are also thankful that the subsidy of RM100 is still continued, although there are groups who argue that those families earning high income should not receive the payment but the Prime Minister may be thinking that education is for all students who now number more than five million.
"In addition, the book vouchers and all the schooling aid can ease the burden of the parents and they will be given to the students early next year," he said.