Budget 2019 live updates

- Royal Belum Park to be listed as a Unesco World Heritage site
- RM100 million in allocation for road upgrade works, and RM160 million for water supply projects
- RM20 million in allocation for resident associations to carry out community services, security and neighbourhood activities
- To restore and redevelop The Sultan Abdul Samad building in Kuala Lumpur as a cultural and heritage hub led by Khazanah Nasional
- Pulau Pangkor to be made a duty-free island whereas Langkawi's status as a duty-free island will be expanded
- The government to incorporate the usage of local rubber in various industrial products and as composite material in the construction of roads
- The government will develop a truck depot at the Kota Perdana Special Border Economic Zone in Bukit Kayu Hitam, Kedah at the cost of RM25 million
- 50% in subsidy by the government of the cost of product testing by SMEs at government-owned laboratories, including at Mardi and public universities for a year
- RM210 million in allocation from 2019 to 2021 to support the transition to Industry 4.0
- Khazanah Nasional Berhad (Khazanah) is to lead and develop an 80-acre aerospace industry hub and to work hand in hand with government agencies to produce high-skilled workers to fulfill demands of the industry
- RM1 billion in allocation to the National Fibre Connectivity Plan in the bid to boost internet connectivity in rural areas in 5 years
- Capital Markets and Services (Prescription of Securities) Guidelines to be gazetted early 2019 in the bid monitor digitals coin and token exchanges
- RM100 million in allocation for the training of athletes and paralympic athletes for the Tokyo Olympics 2020 and RM10 million for E-sports
- Allocation of RM1.2 billion for Islamic affairs
- National Higher Education (PTPTN) borrowers with a monthly income of at least RM1,000 are subjected to a repayment schedule of between 2% and 15% of the income
- RM206 million to be allocated for training programmes for Polytechnics and Community Colleges
- Government to axe tolls for motorcycles on the First and Second Penang Bridge and the Second Link in Johor from Jan 1, 2019, costing the government about RM20 million a year
- RM20 million to be allocated in the implementation of a RM100 unlimited public transport pass program for RapidKL rail and bus
- Public Sector Housing Financing Board to extend loan repayment period for civil servants from 30 to 35 years for the first loan, and from 25 to 30 years for the second loan
- Lower income group earning not more than RM2,300 per month to enjoy owning a house priced up to RM150,000 through a RM1 billion fund by Bank Negara
- Excise duty to be imposed on sweetened beverages to fight obesity, starting April 2019
- Government in partnership with private insurance industry to start a national B40 Health Protection Fund to provide free protection on four critical illnesses up to RM8,000 and up to 14 days of hospitalisation income cover at RM50 per day, starting Jan 1, 2019
- Employment Insurance System (EIS) to be implemented on Jan 1, 2019
- Government to review Labour laws to improve labour market, workers' welfare, and ban discriminatory practices by employers
- Minimum wage to be raised all over the nation to RM1,100 per month
- Seven days of unrecorded leave for Muslims and for 201,600 non-Muslims in the service to perform their pilgrimage and functions for the entire duration of service since 2017
- RM20 million allocated for better implementation of price monitoring
- Petrol subsidies for cars up to 1,500cc engine capacity and motorcycles with engine capacities of up to 1,300cc
- Non-subsidised vehicles to pay pump prices for fuel which be determined on a weekly basis based on the Automatic Price Mechanism (APM) to halt leakages from fuel price arbitrage and smuggling
- 4.1 million households will receive financial aid amounting to RM5 billion
- Bantuan Sara Hidup (formerly known as BR1M) to give RM1,000 to households with a monthly income of up to RM2,000, RM750 to households with a monthly income of up to RM3,000, households with a disabled child or those below 18 (with a maximum of four children) are entitled to an additional RM120 per child, and RM500 to households with a monthly income of up to RM4,000
- Travellers leaving Malaysia for Asean countries will have to pay RM20 in departure tax while RM40 will be taxed for those going to non Asean countries
- Government to impose service tax on online services for local importers, including software and music downloading services, and video or digital advertising to protect physical retailers against virtual storefronts
- Special Voluntary Disclosure Programme from Nov 3 to June 30 next year to allow taxpayers to declare unreported income including for offshore accounts, and enjoy reduced penalty rates
- Government to initiate 24 projects including, army camps, police stations and fire stations worth RM5.2 billion, under a new Public Private Partnership (PPP)
- Government will plan scheduled and staggered land sales through auctions with conditions imposed to increase revenue
- Government to establish a state debt management office called "Pejabat Pengurusan Hutang Negara" to avoid piling up of debts due to lack of coordination
- Govt to do everything possible to get back money missing or stolen from 1MDB
- Government's real debt and liability as of June 2018 is at RM1,065 billion, which is RM350 billion higher than the amount stated by the previous government
- Petronas to pay RM54 billion in dividends to government for 2019, this includes a special dividend of RM30 billion
- Government to use RM30 billion special dividend from Petronas to pay outstanding tax refunds for goods and services tax and real property gains tax
- Economy to grow 4.8% in 2018
- Fiscal deficit to hit 3.7% this year
- 2018 Budget revised upwards to RM290.4 billion from original RM280.3 billion
- Additional RM11.2 billion for operating expenditure and RM5.4 billion for development expenditure
- A total of RM6.5 billion savings expected from reviewing existing programmes and projects
- Government revenue to increase 7.3% to RM236.5 billion on higher direct tax collection and non tax revenue in 2018
- Economy to grow 4.9% in 2019
- Fiscal deficit for 2019 at 3.4%
- Government revenue, including RM30 billion special dividend from Petronas, forecast at RM261.8 billion for 2019
- Federal government expenditure for 2019 expected to be at RM314.6 billion
- Operating expenditure will take up RM259.9 billion or 82.6% of allocation for 2019
- Development expenditure spending will be at RM54.7 billion for Budget 2019