What do you think? 👍🏻 or 👎🏻? Tell us in comments!

With this budget I think we will see an improved economy at the end of the year, " IF ONLY THERE IS NO CORRUPTION".

Gov is pushing people to purchase EV. Meanwhile, what people really want is to upgrade the public transportation. Make it more reliable, efficient, affordable, & accessible, for people. EV won't solve traffic jam.

1:38 as an Johorean live in JB City, The Fucker hawker center 100% will increase in their prices. damn greedy everytime using this damn excuse

Giving pennies is not going to help. Should focus on how to generate more business and investments such as lower the cost of doing business, dismantling AP, lower taxes, etc. this budget is going to increase cost of goods.

0:50 from my understanding, only the service tax portion aka 'ST' and not the whole SST increase to 8%. Sales tax still maintain at 6%

One thing is for sure, there are a lot of food syndicates in Malaysia. The government had no choice, but to give it a try to test the market. Have to see how it goes. Many have seen this policy work in the UK. However, the general understanding of democracy between us and them is different.

Bear in mind..Malaysia is not high income country..min salary is merely RM1.5k a month with no any other allowances (exclude all gov staff🙄)..with the increase of tax and withdrawals of subsidies..huhu Good luck..dont be surprise if petty crime are rising

The economy of Malaysia will improve if we maintain the GST. Malaysia is the only country in the world that has reverted to an old and inefficient tax system which is SST that prone to informal or unrecorded economic activities.

Here are my two cents' suggestions. Our government sometimes really doesn't have the balls to do proper enforcement. 1. We will be observing some increase in cost-of-living next year for sure especially in food or even over daily groceries. There are of course business owners will find excuse to increase the prices to maintain the margin of profit to cover the cost of paying the extra taxes which have no direct impact to their business. (I increase my food prices to cover up the extra tax I need to pay for a new Velphire). When questioned about the increase in food prices, they will push the blame to the supplier and the government for those taxes and removal of subsidy. Authorities are not stern enough to enforce actions when it is confirmed that the increase in prices doesn't justify. Authorities should monitor the prices of the items in the market and give instruction and order to reduce the price if the increase in price is not justifiable. Price should also be reduced when the global fuel prices dropped, or our currency improved. Currently, we already observed that business will increase the price whenever currency getting weaker or diesel price increases but doesn't reduce the price when currency getting stronger and diesel price decreases. However, the catch is that they will increase the price again if the next wave of fuel price increase / currency growing weaker against USD. The enforcement should be business owners that are not willing to do so, will be forced to give them away to eligible business owners that are very happy to do so. Government will forcefully close their business together with their business current account. This will ensure that everyone will be doing honest business. Actions should also be taken against sellers/ business owners that mark up the price then later only provide discounts after that. I not sure if this violates the principle of Syriah. If I am the government, I will instruct the business owners to provide discount based on the average market price instead of the mark-up price. E-comerce platform should be instructed not ensure discounts are legit discounts. Government should step in to ensure that job opportunities are prioritized to local first before out-sourcing it to lower cost countries like India and Vietnam. I can observe that there are laid off of some job roles in high-cost countries like Singapore and such roles are heavily advertised in Malaysia, India and Vietnam. There are also some companies in Malaysia actually out-sourced jobs to lower cost countries like India. Government should step in to ensure that out-sourcing or hiring from lower cost countries are at the last resort. Tax should also be applied on the cost saved and ensure that they are really being channeled to employee welfare locally (like in Malaysia). I know that government has convinced ISP to reduce the price of Internet packages. However, I believed that it can be further reduced. I not sure if government is blind or what, the current reduced price were actually the existing promo prices that were advertised some time ago. Hence, there's technically no reduction of internet prices. This is what we call a real reduction. The price for internet only packages should start with RM 89 with at least 500 Mbps and to be capped at less than RM 269 for 2Gbps. B40 families to be able to subscribe internet services with minimum speed of 100 Mbps at price of RM 49. All home equipped with fiber ports /LAN ports should be automatically connected to internet with shared bandwidth up to 30 Mbps on non-peak hour. All newly build PPR should have fiber ports and LAN ports. This is only called affordable internet connection and able to ensure that everyone has access to internet. If I am politician or the government, I will implement all these. Want to sleep already. Can only write up to here.

The electricity bill cut for the hardcore poor is forty bucks. But mine is only less than twenty bucks as a middle class with no air con, no washing machine, no microwave oven etc. I am kind of a middle class hermit.

Disagree with the suggestion to save Rahmah cash. Spend it well, perhaps use it to support small local business. This will help our economy better.

Hawkers says raw materials increase prices anyways, because farmers and manufacturers or factories will have higher cost because their machine, factory upkeep, etc cost is affected by Sst.

so the budget is fundamentally about more tax from private sectors to hand out to the government sector workers - what's new?

the best ever budget 2024 explanation with details and examples.. Good job!

thanks Peter & Mr. Money TV for the summarization

Inflation will only effect the low an middle class. this is the most difficult economy crisis which will never be solved but only will keep going up.

Budget sounds rosy but I have high doubts about some. 1) chicken and egg price ceiling removed. Prices will start to skyrocket again because the global environment didn’t change. Corn prices are still high so chicken feed is going to be expensive. Prices of chickens under the price ceiling have been artificially suppressed and not reflecting the true cost to breed chickens. So I expect chicken and egg prices to skyrocket again. 2) luxury tax- who does this actually benefit? The foreigners! With this tax, you are further driving the rich locals away to buy overseas. This results in a net loss because the rich locals could be paying SST 8% but now 0 because they will not be buying locally. 3) capital gain taxes- while I think this is a innovative idea to tax on the sale of a private limited, it is extremely difficult to prove what the company is worth during the incorporation. Do they based it off the paid capital when it was incorporated?

There r some elements of starting to remove Malaysians dependence on subsidy and the entitlement mentality。Hopefully the current government can stay in power n persist with this effort. Only then can the economic conditions, specifically the people’s mindset, be sufficiently competitive to improve sustainable growth.

My parents have never told me how to save money or invest. But they taught me how not to spend money on something that I can not afford. That helped me not to owe any money to anyone whole my life. But I wish I knew how to save money efficiently.. I am in my mid 50th, saved up around 450k but I could have done much better if I knew all the tricks.. My way of saving money has been most inefficient way and painfully slow.. Work hardest and just keep money in the bank account style...😂

Unpopular decision are expected, but i believe it for good sake of Malaysia

Middle income yg suffer. Chicken price now cant go to any fnb to eat.. price sure increase.

I think you meant specifically improving the civil servants lives

Middle and upper middle gonna buat roti and makan Maggi mee at home lagi. Hidop akan manyak bosan. Manyak2 cukai hor.

Please consider waiving the payment for extension of leasehold for homes. Especially for retired people who have no pension. This is hardship for us.

Finally a budget that make sense instead of spending to gain vote It’s a painful period during the transition but it’s needed, keep subsidising without ceiling and control gonna make the debt hole bigger. Argentina is a very good example. Subsidy been pulled out but converted into targeted monetary aid and utilities discount definitely make more sense. The subsidy on motor vehicle test and EV bike is complementing each other and this will direct M40 to get bike license and purchase EV bike for free👍🏻

Yes hawker will definitely increase because they brought from store that tax 8%

Just use GST la. If properly implemented, we can trace and audit whos the culprit taking opportunity to gain more profit.

Lim Guan Eng's decision to downgrade LRT3 was so stupid

I thought sst was suspended a while back. That means its not an increase of 2% but the whole 8%😅. Plus this budget doesnt help the poor at all, yes they increase a little cash for the poor, but at the same time will increase the chicken and eggs price as well not mentioning other stuff and the consequence of those products price increase will impact fnb. Receive extra rm500 a year but theyll have to spend extra rm 5k yearly😮‍💨

Money is more. But making a good use of it sensibly and spending is worth for benefits of public is another question...time will tell

Chicken and eggs prices will immediately goes up, the theoretical "competition drives down price" will not happen. The only reason the subsidy is withdrawn is solely because the government can no longer afford it, they have no other choices - they can't withdraw petrol subsidy without triggering immediate inflation, and they can't implement GST without triggering mass unrest. If this help bring down debt-to-GDP ratio, perhaps it could strengthen Ringgit's value in the medium term, bringing down overall cost of living (We import LOTS of stuff). BUT, cutting subsidy for chicken and eggs is NOT enough to restore our nation fiscal health, many leaders know that, but no one has the political strength & will to go for the biggest culprit - petrol subsidy

It's a boring budget but still focuses on helping the needy whilst remaining business friendly. To me, a good thing at least from a "national perspective" is that fiscal deficit would be reduced which is very important for a country's sustainability. Malaysia budget deficit today is 5% thanks to useless, selfish, couldn't care less attitude and greedy govt in the past. PHBN aims to reduce fiscal deficit to 3% next few years, that, I agree because this will positively affect the currency strength too.

Still too much goodies for B40 then how people want to move to M40?

So it was you. Haha. Saw you at straits quay last week

PM and Finance Minister background is General degree in Malay studies. what do you expect? Economic miracles? Just compare him with Indonesia Finance Minister Sri Mulyani who has a PhD in FInance from Illinois State univerisity. @mrmoneytv is 10x qualified than PM lah

The government should stop subsidy and abolish AP for all items. Let free market forces decide the prices like Singapore.

Electricity high...? Omg. Let’s spend time at shopping mall to enjoy the cool air ! We are like Singapore la.

PH supporters still give hopes to this madani government.. Trust me our ringgit will be like harga rahmah..and our economy drop because incompetence ministers to manage our economy/country...

Malaysia tax cuts , singapore no such thing as tax cuts .

Cost of goods increase, income stagnant. Cost of living higher than household income. Good for rakyat?

SMEs suffered enuf now u raise tax....good good Next year people will cut even more spending right after OPR raise...good2. Good luck SMEs. Im PH voter ofcos la i say good budget regardless

bankruptcy happens to anyone regardless of age, not sure why age 40 below is a requirement?

Invest & Spend wisely

Im Ok with Anwar Administration and reform of policies and transparency . But I seriously felt that this budget , is the most failed budget ever . Msians and businesses are still grappling the after effects of CV19 and crazy high inflation now , and now this budget will burden us even further . as a graduate of economics myself , and looking into real scale of current living reality climate in Malaysia, this budget is seriously Madanigagal. Removal of eggs/chicken will cause a surprise spike in price due to be more exp. Ur Gerai Gerai makcik nasi lemak already earn so punny, now Gerai kecil makcik sell nasi lemak telur Ayam goreng will never be cheap because of this removal. Middle classes not get any form of help = they are most affected. Middle classes heading to the downward spiral to less disposable income . B40 - the fact the income is less , living poor conditions , whatever u buy , u gonna get taxed 2% extra. Even more poorer . What the hell is this madani simplistic budget ? Don’t we have competent people or ministers to draft a better framework of budget ?

Definitely F&B outlets will increase their price as an excuse.😂😂

definitely all hawkers will increase prices... simple road side nasi lemak biasa again for sure naik RM0.50/pac i am pretty for sure.... unless government fine those who does... sure jialat one... nice blackbay there...

what constitute food costs comes from other sectors that wiill have the 8% tax. while it slows it down, I think food cost still will go up.

Rebates for electric vehicle, but need to charge at home which no more subsidy for electricity. 😮😮

Hi 👋, Malaysia 🇲🇾 is already in trouble economically by Politicians and China SOE companies. Covid makes it harder, Inflation etc. Malaysian can still vote and control the economy 😎

i am not a financial advisor nor knows much but i know this our problem is revenue to our country since some country increase their prices of our import goods why dont PMX just increase the price of our exports,he needs to make a balsy decision sometimes,Many countries does that now its a price war now.the added revenue can add back towards subsidies now currently its 100% removed,but lets see

7:50 finally can't wait to buy electric scooter from CFMOTO or Yamaha, hope they bring to malaysia

Nice content

To me.. Better open an account and saving in overseas like Singapore - CIMB Singapore account and Maybank Singapore account RM devaluation and price are SKY rocketing.. Coz there is no hope in Malaysia coz the leader is hopeless Not addressing the issue at all Light is on but nobody home

we should stop complaining but think bout how to save money

I am a runner. Perhaps the government can add it sports gear such as shoes / shirt / sports watch / pants into the RM1000 sports tax reduction. Another way is to allow us to claim the registration fees to enter completion races like KL Standard Chartered Marathon

2026 completion of RTS between SG and JB. Visit Malaysia can draw in international tourists that fly into SG.

Ni pandangan saya la yang pasal kerajaan mansuhkan harga siling telur dan ayam. Pada saya ianya satu langkah yang positif. Biar pasaran sendiri yang akan tentukan harga "supply and demand" akan berlaku. Tak guna letak harga siling rendah² tapi tiada bekalan di pasaran hari² kena rebut kat pasar semata mata nak beli ayam dan telur. Kita akan lihat nanti. Bila harga telur dan ayam dapat di jual dengan harga yang untung pasti penternak akan melipat gandakan bekalan dan mungkin akan mewujudkan lebihan bekalan dan kita akan dapat lihat harga yang stabil tetapi kena terima hakikat bahawa harga telur/ayam dah tak seperti dulu. Pasal masalah golongan b40 yang mungkin tertekan untuk membeli keperluan telur/ayam yg semakin mahal, nampaknya kerajaan sekarang telah memulakan langkah seperti kerajaan najib razak dahulu iaitu meningkatkan bantuan dan seumpanya untuk golongan ini.

Sabah and Sarawak is still short changed!

Ty Malaysia 🇲🇾

Like to increase this increase that, rakyat salary you don't want increade pulak. Min salary 1.5k for kakak clean toilet ok la. This one come out degree also sometimes 2k plus mmg gg. You increase everything, balance back salary by increment few percent so we can manage out daily lives mah, haiyo..

1:26 hell yeah😅

Can anyone help to answer this question, my brother over 60 charge bankruptcy? Did last year budget help him out? This year, I understand from you. No help loh.

good summary

Nice black bay bro 😉

Every year, prices increase. If hawkers raise their prices, they will lose competitiveness. Again, a price increase is certain for every sector next year.

You can't please everyone. But you can choose who you want to annoy?

Actually Anwar can use his brain to think, if SST increase from 6% to 8%, raw material also need increase right? Nasi lemak Food SST not increase, but the oil, ikan bilis, telur, ayam also will increase right? So end up also increase mah.

How can a person earn less than RM1198 when the minimum wage is RM1200? Unless they are self-employed la

As a market libertarian, I'm opposed to price controls and anything over and above the bare minimum tax necessary for the government to provide essential government services- i.e. free, quality healthcare and education as well as the protection of the personal and property rights of the rakyat and finally the security of the nation and of the rakyat. In this respect the removal of the price caps on chicken and eggs is a good but tiny step in the right direction.

hopefully chicken rice raise till RM20 , then will be same like Singapore :D

Suppliers of food to hawkers will have to increase prices due to higher taxes. What can help hawkers to reduce their cost?

Foreigners still enjoy our subsidy - Singaporeans get cheap petro, Thais get cheap cooking oil. Where is the enforcement?

The weak point of Authority is not carry out the duty at public as most tax run away due accountant report.

I think Malaysians need to wake up to certain facts: 1. There is no country/society in the modern world that has achieved developed country status with racial discrimination against 1/3 of population institutionalised in a country's constitution. You can try to name me just ONE country... 2) Economic growth does not arise solely from economic policies. The societal and cultural values need to want and support economic growth. If the desire for economic growth is subservient to many other cultural and societal issues the economic growth will be exactly reflective of the low priority it is accorded. Like India and its caste system, MY will never become a developed economy unless it reforms its societal and cultural contracts.

Whats even the point of this budget if there are going to be ao manu loopholes? Not well thought out at all.

Nice tudor blackbay there

No need know 10 things lah Just know ur wallet getting thinner every year Bye

For the capital gain tax, as it applies to stock too, then it made me wonder, what if I bought a certain share of stocks, then I sold it for a loss, since the tax only says I must pay 10% on the capital gain and since my capital gain is negative in this case, does this mean the government pay me that 10%?😂😂

Electric motorbike? Any suggestion for starters?

Ask bangla buy luxury bag can ah?

Float egg & chicken prices What the hell is Madani thinking The rakyat are already suffering, cant they see !!

Having invested in properties over the last 18 years, I can say that LRT has ZERO effect on property appreciation. At the end of the day it depends on the amenities, surroundings and road accessibility.

Chicken and Egg price ceiling removed , what they are thinking????? For the long term this is not a good for everyone. Supplier & Retailer can have a excuse sky the damn price? The inflation already hit hard. The High price sky , some of the people willing to buy at the high price , then the price will keep high and higher.

SST naik, gaji tak naik so mcm mana nk berbelanja? Aiyaaaa

biggest but no suprised

NO WONDER FOREIGN INVESTOR FLIGHT LA

iPhone luxury good anot?

That EV thing, do electric scooter included?

The EPF move...is damn bad.

Hahaha, kopitim don't need to wait until next year to increase price, today budget do announcement tomorrow kopitim already increase the kopi/milo ice price 😂

is the electric buses only located in peninsular malaysia?

The middle man are taxed so it will still end up on your table

Cukai naik ada ... Barang keperluan naik.. Buget ni untuk orang kaya

Everybody and their ma know GST is better, why still insist with SST? Increase to 8% some more? Malu, right..? with ABCDGST song and whatnot. If malu, just tukar the name sikit2, like STR (aka BR1M) etc, etc.. then malu no more.

please dont forget about our astronomical national debt

bullshit budget 2024

bruh sst just announced that 2% increase and AEON fkin increased their stuff by RM2 LOLLLLLL FML

My electric bill has already increased for a few months. 😂😂

A country NEARLY 60 years of mismanage, corruption, misuse of power, greed etc etc. Rakyat really need to give Anwar and his team time to rebuild our nation. Rebuild our reputation at the world stage, our country is losing out to all our neighbours becoz of the instability of our government. We want a leader that care for the country & the rakyat, not juz care for themselves & their cronies only