{"id":9108,"date":"2016-10-21T06:16:42","date_gmt":"2016-10-21T06:16:42","guid":{"rendered":"http:\/\/www.comparehero.my\/blog\/?p=9108"},"modified":"2026-03-27T10:22:10","modified_gmt":"2026-03-27T02:22:10","slug":"updates-budget-2017-malaysia-2","status":"publish","type":"post","link":"https:\/\/www.comparehero.my\/blog\/tax-planning\/updates-budget-2017-malaysia-2.html","title":{"rendered":"Key Updates: Budget 2017 Malaysia"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9109\" src=\"https:\/\/i0.wp.com\/optimized-blogassets.comparehero.my\/blog\/my_MY\/wp-content\/uploads\/2016\/10\/MY_BLOG_Budget2017.jpg?resize=640%2C285&#038;ssl=1\" alt=\"my_blog_budget2017\" width=\"640\" height=\"285\" \/><\/p>\n<p>The much anticipated Budget 2017 is being tabled today. Key updates from CompareHero.my.<\/p>\n<p><!--more--><\/p>\n<p><em>Last updated: 6:28pm MYT, 21st October 2016<br \/>\n<\/em><\/p>\n<h2>On the Overall Economy<\/h2>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9116\" src=\"https:\/\/i0.wp.com\/optimized-blogassets.comparehero.my\/blog\/my_MY\/wp-content\/uploads\/2016\/10\/MY_BLOG_Budget2017_Properties.jpg?resize=640%2C285&#038;ssl=1\" alt=\"my_blog_budget2017_properties\" width=\"640\" height=\"285\" \/><\/p>\n<h3>Total allocation for Malaysia&#8217;s Budget 2017 <strong>RM260.8 billion<\/strong><\/h3>\n<ul>\n<li style=\"text-align: justify;\">3.4% increase from last year\u2019s recalibrated budget<\/li>\n<li style=\"text-align: justify;\">Malaysia&#8217;s economy growth estimated at 4% &#8211; 5% for 2017<\/li>\n<li style=\"text-align: justify;\">Largest allocation of <strong>RM25.9 billion<\/strong> for economy sector, followed by <strong>RM12.2 billion for social sector<\/strong> and <strong>RM5.3 billion for security sector.<\/strong><\/li>\n<li style=\"text-align: justify;\">RM30 billion collected from GST as of 19th October 2016. GST rate will not be increased, maintains at 6%<\/li>\n<li style=\"text-align: justify;\">Transformasi Nasional 2050 (TN50) is introduced<\/li>\n<\/ul>\n<blockquote><p>&#8220;Malaysia has become an upper middle income country&#8221; &#8211; Dato&#8217; Seri Najib Razak<\/p><\/blockquote>\n<h3><strong>For Civil Servants<\/strong><\/h3>\n<ul>\n<li style=\"text-align: justify;\">Loan limit to purchase motorcycle increased from RM5k to RM10k<\/li>\n<li style=\"text-align: justify;\">Housing loan qualification increased from RM120k to RM200k. Highest loan qualification increased from RM600k to RM750k<\/li>\n<li style=\"text-align: justify;\">Civil servants will receive RM500, RM250 for government retirees, early January 2017<\/li>\n<\/ul>\n<h2>For T20, M40 and B40 income groups<\/h2>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9119\" src=\"https:\/\/i0.wp.com\/optimized-blogassets.comparehero.my\/blog\/my_MY\/wp-content\/uploads\/2016\/10\/MY_BLOG_Budget2017_B40.jpg?resize=640%2C285&#038;ssl=1\" alt=\"my_blog_budget2017_b40\" width=\"640\" height=\"285\" \/><\/p>\n<ul>\n<li style=\"text-align: justify;\">3 main categories for Malaysians which are T20, M40 (household income RM3,900 &#8211; RM8300), B40 (household income of RM3,900 and below)<\/li>\n<\/ul>\n<blockquote><p>&#8220;Goverment&#8217;s intention is to increase disposable income (for M40)&#8221; &#8211; Dato&#8217; Seri Najib Razak<\/p>\n<p style=\"text-align: justify;\">&#8220;To reduce cost of living, the government has allocated total of RM10 billion for subsidy which includes subsidy for fuel, including cooking gas, toll compensation and public transport&#8221; &#8211; Dato Seri Najib Razak<\/p>\n<\/blockquote>\n<h3 style=\"text-align: justify;\"><strong>For Women<\/strong><\/h3>\n<ul>\n<li>RM30 million allocation to provide <strong>free mammograms and HPV imunization<\/strong> for women<\/li>\n<li><strong>RM1,000 tax exemption<\/strong> (every two years) for purchase of breastfeeding equipment<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><strong>Households earning less than RM3,000<\/strong><\/h3>\n<blockquote><p>&#8220;To help B40 group, especially for BR1M receivers to generate additional income , the government encourages participation as ride-sharing drivers&#8221; &#8211; Dato&#8217; Seri Najib Razak<\/p><\/blockquote>\n<ul>\n<li style=\"text-align: justify;\">BR1M 2017 for e-KASIH and household earning less than RM3,000 <strong>increased from RM1,050 and RM1,000 to RM1,200<\/strong><\/li>\n<li style=\"text-align: justify;\">For <strong>individuals earning less than RM2k monthly<\/strong>, <strong>BR1M increased from RM400 to RM450<\/strong><\/li>\n<li style=\"text-align: justify;\">RM4k incentive for <strong>B40 group to purchase Proton Iriz<\/strong><\/li>\n<li style=\"text-align: justify;\">Families earning less than RM3k will receive <strong>RM100 school aid for each school going child<\/strong> (3.5m students to benefit)<\/li>\n<\/ul>\n<h3><strong>Households earning more than RM3,000<\/strong><\/h3>\n<ul>\n<li>For <strong>household earning between RM3k &#8211; RM4K<\/strong>, <strong>BR1M increased from RM800 to RM900<\/strong><\/li>\n<li style=\"text-align: justify;\">Government will <strong>replace book vouchers with student debit cards (with RM250 amount).<\/strong> Can be used to purchase books, stationary, computer equipment and internet access. 1.3 million students to benefit<\/li>\n<\/ul>\n<h3><strong>Tax exemptions<\/strong><\/h3>\n<ul>\n<li><strong>RM2,500 tax exemption<\/strong> for purchase of reading materials, computer and sports equipment combined as lifestyle tax relief. This will now <strong>include gym subscription, internet subscription and subscription to mainstream newspapers<\/strong>.<\/li>\n<\/ul>\n<h3><strong>First-time Home Buyers<\/strong><\/h3>\n<ul>\n<li><strong>100% duty stamp exception<\/strong> for first time home buyers. Limited to maximum house value of RM300k<\/li>\n<\/ul>\n<h2>Broadband and SME<\/h2>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9114\" src=\"https:\/\/i0.wp.com\/optimized-blogassets.comparehero.my\/blog\/my_MY\/wp-content\/uploads\/2016\/10\/MY_BLOG_Budget2017_Generic3.jpg?resize=640%2C285&#038;ssl=1\" alt=\"my_blog_budget2017_generic3\" width=\"640\" height=\"285\" \/><\/p>\n<ul>\n<li>From January 2017 onward, <strong>fixed line broadband will be priced at RM149 for 10mb\/s instead of RM149 for 5mb\/s<\/strong>. In 2 years time, &#8220;double the speed at half the price&#8221;<\/li>\n<li>2017 announced as startup and SME promotion year<\/li>\n<li>RM100 million allocation for SME bank to increase opportunities for Bumiputera entrepreneur<\/li>\n<\/ul>\n<p>Keep an eye out for our upcoming follow up articles on #Bajet2017.<\/p>\n<p><a href=\"https:\/\/rpstagingdot.wpcomstaging.com\/credit-card\/rewards\/results\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6934 size-full\" src=\"https:\/\/i0.wp.com\/optimized-blogassets.comparehero.my\/blog\/my_MY\/wp-content\/uploads\/2016\/06\/MY_BlogBanner_021516-CTA.png?resize=580%2C150&#038;ssl=1\" alt=\"MY_BlogBanner_021516-CTA\" width=\"580\" height=\"150\" \/><\/a><br \/>\n[tags]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The much anticipated Budget 2017 is being tabled today. Key updates from CompareHero.my.<\/p>\n","protected":false},"author":268230141,"featured_media":59771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[416],"tags":[],"class_list":["post-9108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Key Updates: Budget 2017 Malaysia - CompareHero<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.comparehero.my\/blog\/tax-planning\/updates-budget-2017-malaysia-2.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key Updates: Budget 2017 Malaysia - CompareHero\" \/>\n<meta property=\"og:description\" content=\"The much anticipated Budget 2017 is being tabled today. 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In light of the upcoming National 2019 Budget, we're revisiting last year's budget to understand what were the major announcements in the past. One big thing that will be missing is of course the GST, which has since\u2026","rel":"","context":"In &quot;Government Budget&quot;","block_context":{"text":"Government Budget","link":"https:\/\/www.comparehero.my\/blog\/government-budget"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/malaysia-flag.png?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/malaysia-flag.png?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/malaysia-flag.png?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/malaysia-flag.png?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":17948,"url":"https:\/\/www.comparehero.my\/blog\/government-budget\/budget-2022-malaysia-finance.html","url_meta":{"origin":9108,"position":1},"title":"Budget 2022: 5 Key Highlights And What You Get From Them","author":"CompareHero","date":"31 October 2021","format":false,"excerpt":"As most of us know, the 2022 Budget was just announced last Friday. RM332.1 billion will be allocated towards this budget and it will cover various sectors such as education, healthcare and technology, to name a few. There\u2019s a lot of information you would have to sit through, but if\u2026","rel":"","context":"In &quot;Government Budget&quot;","block_context":{"text":"Government Budget","link":"https:\/\/www.comparehero.my\/blog\/government-budget"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/budget-2022-malaysia-finance-featured-image.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/budget-2022-malaysia-finance-featured-image.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/budget-2022-malaysia-finance-featured-image.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/budget-2022-malaysia-finance-featured-image.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/budget-2022-malaysia-finance-featured-image.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4458,"url":"https:\/\/www.comparehero.my\/blog\/tax-planning\/budget-2016-revised-2.html","url_meta":{"origin":9108,"position":2},"title":"Budget 2016 Revised: What You Need To Know","author":"CompareHero","date":"28 January 2016","format":false,"excerpt":"Prime Minister Datuk Seri Najib Tun Razak announced the revision for Budget 2016 today. When the Budget 2016 was announced last year on October 23, it was based on the price assumption of crude oil at US$48 (RM204) per barrel. However, the sliding oil price means that crude oil is\u2026","rel":"","context":"In &quot;Tax Planning&quot;","block_context":{"text":"Tax Planning","link":"https:\/\/www.comparehero.my\/blog\/tax-planning"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/01\/show-money-stacking-up.png?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/01\/show-money-stacking-up.png?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/01\/show-money-stacking-up.png?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/01\/show-money-stacking-up.png?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":17954,"url":"https:\/\/www.comparehero.my\/blog\/government-budget\/budget-2024-whats-in-it-for-you.html","url_meta":{"origin":9108,"position":3},"title":"Budget 2024: What&#8217;s in it for you?","author":"CompareHero","date":"17 October 2023","format":false,"excerpt":"The Malaysia Budget 2024, themed \"MADANI Economy: Empowering the People,\" allocates RM393.8 billion to stimulate economic growth, reduce the cost of living, and enhance the well-being of the rakyat. Here are the key highlights: Welfare Assistance (RM58.1 Billion) Nearly 50% of the allocation is aimed at controlling the prices of\u2026","rel":"","context":"In &quot;Government Budget&quot;","block_context":{"text":"Government Budget","link":"https:\/\/www.comparehero.my\/blog\/government-budget"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/FI_budget2024.png?fit=1200%2C629&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/FI_budget2024.png?fit=1200%2C629&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/FI_budget2024.png?fit=1200%2C629&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/FI_budget2024.png?fit=1200%2C629&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/FI_budget2024.png?fit=1200%2C629&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":17887,"url":"https:\/\/www.comparehero.my\/blog\/government-budget\/bajet-2018-will-malaysians-get-want.html","url_meta":{"origin":9108,"position":4},"title":"Bajet 2018: Will the Rakyat Get What They Want?","author":"CompareHero","date":"10 March 2019","format":false,"excerpt":"Prime Minister Datuk Seri Najib Abdul Razak will be tabling the 2018 Budget later this month on Friday, 27 October 2017. There has been much speculation about what will be put forward but let\u2019s take a look at some of the more common requests from the rakyat. How do we\u2026","rel":"","context":"In &quot;Government Budget&quot;","block_context":{"text":"Government Budget","link":"https:\/\/www.comparehero.my\/blog\/government-budget"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/image-38.png?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/image-38.png?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/image-38.png?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/03\/image-38.png?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":18333,"url":"https:\/\/www.comparehero.my\/blog\/government-budget\/malaysia-budget-2019.html","url_meta":{"origin":9108,"position":5},"title":"Malaysia Budget 2019 &#8211; Live Updates at 4PM","author":"CompareHero","date":"9 October 2019","format":false,"excerpt":"\u00a0 Our Closing Thoughts on Budget 2019 Adoi -\u00a0that was\u00a0a lot\u00a0to take in! Lim Guan Eng was, admittedly, speaking so fast that we had a hard time catching up. This budget announcement was heavy and carries three significant themes: Institutional Reforms People's Well-being Pollution & Entrepreneurial Culture The total budget\u2026","rel":"","context":"In &quot;Government Budget&quot;","block_context":{"text":"Government Budget","link":"https:\/\/www.comparehero.my\/blog\/government-budget"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/10\/image-4.png?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/10\/image-4.png?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/10\/image-4.png?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2019\/10\/image-4.png?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2016\/10\/budgeting.png?fit=1024%2C768&ssl=1","_links":{"self":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts\/9108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/users\/268230141"}],"replies":[{"embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/comments?post=9108"}],"version-history":[{"count":1,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts\/9108\/revisions"}],"predecessor-version":[{"id":58539,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts\/9108\/revisions\/58539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/media\/59771"}],"wp:attachment":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/media?parent=9108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/categories?post=9108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/tags?post=9108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}