Civil servants praise 2027 Budget's bid to tackle cost-of-living issues
KUCHING: The special financial assistance of RM1,500 for civil servants and RM750 for government retirees and veterans is expected to help ease the cost-of-living burden, particularly in meeting daily necessities, children’s education and family commitments, while also stimulating domestic spending.
KUCHING: The Malaysian government is set to provide special financial assistance of RM1,500 for civil servants and RM750 for government retirees and veterans in 2027, aiming to alleviate the cost-of-living burden faced by these individuals. Joshua Amir Sibat, a civil servant, highlighted that the assistance comes as the average household consumption expenditure rose from RM5,150 in 2022 to RM5,566 in 2024, marking an 8.1% increase over two years.
This indicates the pressing need for financial support to help households adapt to rising living costs. Joshua emphasized that the one-off assistance should be seen as a complement to more comprehensive measures to protect purchasing power, enhance productivity, and improve overall well-being. Azhar Ishak, a retired serviceman, welcomed the increased Special Financial Assistance (BKK) to RM750 in 2027, noting that it represents a 200% rise from RM250 in 2026.
He stressed that this boost would aid retirees in managing daily expenses, especially in light of the escalating cost of living.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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