Govt to Review Budget 2016 if Oil Remains at Present Price

The Government will have to review Budget 2016 should the price of Brent Crude remain at current levels.

Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar said the Government would continue to monitor oil prices to determine the new norm.

“In the event that oil prices remain at low levels, the Government might have to review the Budget as it will need to focus on the optimisation of the country’s growth,” he said.

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Budget 2016: Tax breaks, GST relief, healthcare and housing among highlights

PETALING JAYA: Goods and Services Tax (GST) relief, tax breaks for spouses, parents and caregivers, education development, healthcare and infrastructure development, and infrastructure development initiatives for Sabah and Sarawak – these are the highlights of Prime Minister Datuk Seri Najib Tun Razak’s Budget 2016.

Najib, who presented his budget speech before the Dewan Rakyat Friday afternoon, first shook Parliament when he announced that certain items would be GST-free from Jan 1 2016.

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Prudent Spread of Goodies

KUALA LUMPUR: Budget 2016 is likely to have something for everyone, including the middle class, but expectations must be “realistic”.

One of the most challenging budgets to date for Prime Minister Datuk Seri Najib Tun Razak, it is expected to spread the benefit across all segments of society and promote key sectors while at the same time be prudent in expenditure.

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Najib : Budget 2016 Will Give Priority To Safeguarding The People

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Prime Minister Datuk Seri Najib Razak

Prime Minister Datuk Seri Najib Tun Razak has outlined measures the government is taking to safeguard the Malaysian economy given the challenging global environment.

“This year, we have been focused on strengthening the resilience of our economy, managing the impact of external vulnerabilities and safeguarding the well-being of the people”, said Najib in a statement on the eve of unveiling the 2016 budget in the Dewan Rakyat.

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