Prime Minister Datuk Seri Najib Tun Razak tabled Budget 2016 in the Dewan Rakyat on Friday. He is also Finance Minister, said the theme of the Budget 2016 is "Prospering the Rakyat".
There are some things that listed in Budget 2016:
- The minimum starting salary in the civil service is set as RM 1200 a month from July 2016. The move is expected to benefit some 60000 civil servants.
- In terms of income tax, relief for each child below 18 years old is increased to RM 2000 from RM 1000 from year of assessment 2016.
- Children supporting their parents, even if not living together with their parents, to get tax relief of RM 1500 (for the father), if the parents are above 60 years of age.
(Source:TheStarOnline)
The Budget 2016 indicates to help Malaysians in a daily of life. The government does PR1MA scheme for who cannot buy the houses. Therefore, the people can save money from now and start to plan. Besides, there are many scheme to help entrepreneurs. They needed to give ideas and will get RM 500 000 if the ideas is relevant.
From this budget, hope the Ringgit Malaysia will become stable and the economy will increase rapidly.
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