Budget 2012 -Malaysia

Budget 2012 was tabled on October 7, 2012 by YB Datuk Seri Najib Tun Razak, the Prime Minister and also Finance Minister of Malaysia in the Dewan Rakyat. Pix from thesundaily.my

Total budget - RM232.8 billion
Operating expenses - RM181.6 billion
Development Expenditure - RM51.2 billion

Among the interesting facts on budget 2012 are:

Hybrid cars.

Full exemption from import duty and excise duty on imported hybrid and electric cars will be extended until 2013. Budget 2012 is good because it contributes to environmental preservation. Electric cars everyone?

No more school fees

Budget 2012 also abolished fees for primary and secondary schools will be starting from January next year (2012) of all government schools. This includes payment for extra-curricular activities, takaful insurance and etc. Hopefully there will be no more families complain because they cannot afford to pay school fees.

Extended Retirement Age

Budget 2012 extended the mandatory retirement age from 58 to 60 years old. This is quite beneficial because at this age they are still active and their skills are much needed by the country. But there were voices that do not support these suggestions. Isn't this move good?

Skim Amanah Rakyat 1Malaysia

The scheme is open to households earning RM3,000 and below, which will benefit 100 thousand housing issues. Investors can seek loans of RM5,000 with a repayment period of five years. Budget 2012 let you save some money, isn't it?

And of course there are more on budget 2012 .... ;)