All Eyes on BudgetForMalaysia - Part 1

What do YOU want for this upcoming Budget? What each of us want may differ but ONE common thing will certainly be on something to help buffer the rising cost of living today. The Morning Run team takes a look at what's expected in the upcoming Budget 2018 announcement. 0:13 - Goodies Galore is expected for civil servants in Malaysia who make up 1.6 million civil people on the government’s payroll. The 2017 Budget allocates a sum of RM260.8 billion, out of which a total of RM77.4 billion was allocated for Emolument under Operating Expenditure. That emoluments alone make up a total of about 30% of Budget 2017. What would it be for 2018? 3:50 -  The Prime Minister has also said that this budget will address the high cost of living, with speculation around possible increases to lifestyle tax relief and child relief amongst others. 6:35 - Affordable housing is a political hot potato and the various stakeholders have different views on how to approach it. 16:07 - With GST implemented, will there be any changes to tax rates? Malaysia’s current corporate tax rate at 24% is higher compared to our neighbours -- Singapore has 17% tax rate while Thailand, Vietnam and Indonesia, have a tax rate of 20% generally. From a personal tax perspective, Malaysia has a working population of 14 million but only 2.2 million pay taxes 18:15 - Will there be more allocation for the health sector? The Prime Minister hinted that there will be some major announcements on health in the budget today through his Twitter feed. Budget allocation was cut for it in 2016.See omnystudio.com/listener for privacy information.