Budget 2013

Prime Minister Datuk Seri Najib Tun Razak announced that the 2013 Budget will tabled on Sept 28. It is one of the most challenging budget as it will indirectly reflecting the impact of Barisan Nasional towards the upcoming general election.

The budget is focusing on the quality of life of the Rakyat and  the economic growth of the nation. Various asisstance has been dedicated to the students, senior citizen, taxi drivers with an objective to reduce their current financial burden due to the global financial crisis.

Government through reducing the personal income tax by 2% - 3% and increasing tax deduction for spouse and children in order to create more disposable income which eventually will stimulate the domestic economy. Hope that Bantuan Rakyat 1 Malaysia (BR1M) will be given out again to the Rakyat.

Under 2013 Budget, Government may implement new housing scheme to help those especially working adults to own a house, the affordable house. I personally hope that the Budget will give stamp duty exemption to 1^st time housebuyer which purchases a house costing less than RM500,000.00 This will encourage property sector growth.

In view of the rising house prices especially in Kuala Lumpur, Selangor, Johor and Penang, more Malaysians, especially young working adults will be facing difficulties to purchase their first house in these areas. In my opinion, Government should look into opportunity to explore and develop properties in city suburbs such as Cheras, Kajang, Puchong, Nilai, Bangi but the house price must not more than RM350,000.00 with a built-up area approximately 1,000 sq.ft.

In addition, Government should also consider financing the overall development of Chinese education in Malaysia which is one of the important aspects for the economic growth of the country especially rising trading volume with the People’s Republic of China and Taiwan. They are our the major trading partners in the very near future.

Lastly, I also hope that the Government will increase the budget to further strengthen the security and safety of the Rakyat. Crime prevention is everybody responsibility including the Government