Malaysia 2012 Budget

Today, Friday, October 7, 2011, the day awaited by civil servants in general and Malaysians in general. Budget 2012 has already started. Report Malaysia 2012 Budget Presentation can be checked at the bottom of this article

Okay, if included wages, fuel prices and the three main factors determining the pattern of Malaysia's cost of living now. Because oil prices and prices soared in Malaysia, so the salary increase is seen as the best way to cover the cost of living here as we are all Malaysians.So far, the views & expectations have been raised to the Malaysian government for this 2012 Budget. Among them are:

    View of the Executive Director Malaysian Employers Federation (MEF), Shamsuddin Bardan

        * The government is seen to reduce the rate of individual and corporate income tax is charged for this as a step to ease the burden of liability while capable of low-income people to increase the rate of economic growth
        * Corporate tax has reached 25 percent compared to neighboring countries of Singapore, only 17 per cent and if treated with goods and services tax (GST), the corporate tax in Malaysia is still considered high. While individual tax is currently is 26 percent.
        * The government has proposed to consider granting tax relief to corporations that give annual bonuses to its employees monthly salaries that do not will lose the government for tax breaks and bonuses given, in the end will be spent also in the country

    (View economic analyst, Tan Sri Dr. Ramon Navaratnam)

        * In addition, governments are advised to be more careful in preparing the budget deficit to avoid a lump sum will affect economic performance and increasing inflation
        * Government should also encourage the existence of more small businesses even though they deal in nasi lemak and fried noodles.

    Cluster Network General Economic and Financial Committee, Council of State professor, Professor Dr. Abdul Rahim Abdul Rahman

        * However, GST is not suitable at this time not only from a political angle, but from an economic standpoint but also the rising cost of living, but GT good for the future in order to reduce the country's annual budget deficit.

    Communications Director of Malaysian Consumer Associations (FOMCA), Mohd Yusof Abdul Rahman

        * The proposal was raised by public transportation improvement projects throughout the country especially in rural areas and not only implemented in the Klang Valley.