Our Prime Minister Datuk Seri Najib Razak has just announced the 2015 budget. According to Najib, the allocation for Budget 2015 is RM273.9 billion, an increase of RM9.8 billion from the last budget.
In 2015, with the implementation of the Goods and Services Tax (GST) government revenue is estimated at RM23.2 billion. However, the government have exempted several goods from GST amounting to RM3.8 billion which includes the exemption on LPG, RON95 petrol and diesel.
During the presentation, he also announced that several infrastructure projects will be implemented across the nation.
1. A 59-km construction from Sungai Besi to Ulu Klang Expressway (SUKE) – RM5.3 billion.
2. A 276-km construction from West Coast Expressway from Taiping to Banting – RM5 billion.
3. A 47-km construction from Damansara to Shah Alam Highway (DASH) – RM4.2 billion.
4. A 36-km construction from Eastern Klang Valley Expressway (EKVE) – RM1.6 billion
5. A 56-km construction Second MRT Line from Selayang to Putrajaya – RM23 billion.
6. Upgrading the East Coast railway line along Gemas to Mentakab, Jerantut to Sungai Yu and Gua Musang to Tumpat with an allocation of RM150 million.
7. LRT 3 Project, which will link Bandar Utama to Shah Alam and Klang – est RM9 billion.
No announcement on how GST will affect car prices as well as any hybrid vehicle exemptions as well.
