Friday, October 7, 2011

Budget 2012

Budget 2012 was out yesterday. To me, there is no surprises and yet it's a disappointment. The budget gives out a lot of money in 2012 but it does not solve the problem. By just giving the fish to the people instead of teaching way to fish, that's only a short term solution and not long term solution. After going through the budget, I can only see a few items which are relevant to us.

- In the spirit of “People First,” all subsidies, incentives and assistance totalling RM33.2bil will be continued
- For those in private sector earning RM5000 and below, employers' EPF contribution will increase from 12% to 13%
- My First Home Scheme will be expanded to increase the limit of house prices from a maximum of RM220,000 to RM400,000


For more information, you can refer to

1 comment:

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