All the Good Stuff From Budget 2018

Everything you need to know about Malaysia's Budget for 2018 all in one handy infographic right here!

Our Prime Minister, Datuk Seri Najib Razak tabled a budget that was inclusive, wide-ranging, and even included some unexpected announcements that will benefit quite a number of different people disparate demographics.

The 2018 budget saw an increase of allocation to RM280.25 billion up from the RM260.8 billion of last year. Revenue collection is expected to expand around 6.4% to RM239.9 billion. This budget includes an income tax cut, new GST exemptions, a focus on medical tourism, the digital economy, new Chinese and Indian community incentives, removal of toll fees for certain roads, and new incentives and breaks related to maternity and childcare. Check out our infographic for the full rundown.

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  • Vincent

    Nice infographics!

    Reply
    • Shing

      Clear and easy to understand. thanks to ringgitplus!!

      Reply
      • Kevin

        Any benefit to pensioners?

        Reply
        • RinggitPlus

          There are. The lowest pension rate will be increased to RM1,000 a month and government pensioners will also receive a special one-off payment of RM750 next year.

          Reply
        • Mei

          How to apply for RM350 a month for senior citizen?

          Reply
          • RinggitPlus

            Hi Mei,

            The details on that might change or be introduced in the news in the following weeks or months.
            In the meantime, you can check out the official pensioners portal for Malaysia here: http://www.jpapencen.gov.my/
            to keep up on any updates

            Reply
          • Anon Roti

            Why don't you make one comparing budgets from previous years? This would give a lot more information.

            Reply
            • RinggitPlus

              Hi Anon Roti,

              That's a good idea. We've actually prepared an article about exactly this. Look out for that piece to come out on our site soon!

              Reply
            • mae

              There are 2 Health titles.

              Reply
              • RinggitPlus

                Hi Mae,

                You're right! We've fixed it now though. Thanks for your comment

                Reply
              • mae

                No benefit for those working in private sector and already retired with no pension. Forgotten people ?

                Reply
                • RinggitPlus

                  Not everybody gets goodies it looks like.

                  Reply
                • Vincent Ong

                  Nicely done. Love this!

                  Reply
                  • mohamed

                    what about foreign investors 2018 ,,,,i did not see any information about it

                    Reply
                    • RinggitPlus

                      It doesn't look like there are any special provisions for foreign investors mentioned during the speech.

                      Reply
                    • Jocelyn

                      is the maternity leave of 90 days applicable for private sector workers?

                      Reply
                      • RinggitPlus

                        Hi Jocelyn,

                        It looks like that's not the case. Private sectors still reserve the right not to give these out to their employees
                        Thanks for your question!

                        Reply