Budget 2027: What is in it for me?
BUDGET 2027 brings various benefits to the people through financial aid, income enhancements, tax relief, and initiatives to alleviate the burden of the cost of living. Prime Minister Datuk Seri Anwar Ibrahim, who is also the Finance Minister, announ...
The Budget 2027, presented by Prime Minister Datuk Seri Anwar Ibrahim who serves as Finance Minister, brings numerous benefits to Malaysians. Key advantages include STR and SARA assistance of up to RM1,800 annually, with SARA payments of RM150 per month for nine million recipients. The minimum wage rises to RM2,000 per month in June 2027, though small businesses earning below RM50 million are exempt.
Individual tax relief limits expand to RM12,000, with reduced tax rates for specific income brackets. Civil servant maternity leave extends to 490 days, and the Early Schooling Aid rises to RM200 per student. PTPTN borrowers earning up to RM2,500 per month can defer repayments, with a 10% discount for those with no arrears. FLYSiswa flight ticket aid increases to RM500 for 60,000 eligible students.
Stamp duty exemptions apply to first-time home purchases up to RM500,000, and RM10,000 in home repair assistance for disaster victims. Taxi and school bus drivers receive a RM1,000 one-off aid. The MYKOMUTER50 pass helps KTM Komuter users save on transportation costs, and the minimum pension increases to RM1,350 per month.
Written by urgent.news from The Vibes's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
