Budget 2021

Kuala Lumpur – 6^th November 2020, our Minister of Finance, Tengku Dato’Sri Zafrul Tengku Abdul Aziz presented the table of Budget 2021 in Dewan Rakyat.

This Budget 2021 was all about reforming and balancing Malaysian’s live and livelihood and it is based on 6R approach which is Resolve, Resilience, Restart, Recovery, Revitalize and Reform.

According to our Finance Minister, he had meetings regarding Budget 2021 with all the organizations such as leaders of all federal ministries and state governments, academicians, non-governmental organizations, political party leaders and the full spectrum from youth, women, parents and senior citizens.

Other than that, Budget 2021 is formulated based on Three Integral Goals which is First (Rakyat’s Well Being), Second (Business Continuity) and Third(Economic Resilience).

One important allocation which has been made in Budget 2021 is Community-based Initiative where the government focus on community developed programs.

A total of 177 million  ringgit is provided to the Chinese community for programs to improve educational facilities, housing, and the development of kampung baru, and also financing facilities through Bank Simpanan Nasional (BSN).

A total of 100 million ringgit is given to the Indian community for socio-economy status which is Malaysia Indian Transformation Unit (MITRA).

TEKUN will additionally provide 20 million ringgit specifically for the Skim Pembangunan Usahawan Masyarakat India, SPUMI and also 5 million ringgit for entrepreneurship.

Not only that but the government has allocated 50 million ringgit for repairs, maintenance and small development projects for worship places and these were what presented by our Finance Minister under Budget 2021 in community-based initiative.

Gayaetari Tanaraj,47, an entrepreneurship, said that during this pandemic, business are really down and most of the sales are effected and that leads to difficulty in families. Some companies are leading to bankruptcy and they have to fire some workers because they are unable to pay, despite this situation, the government has taken a good decision that will help many entrepreneur by rolling up their money back and business can go good.

Maureen Sinthiya,38, also an entrepreneurship also said that being a single mother and also business going slow in this pandemic is such a disaster but glad that the government has allocated some funds through organizations such as MITRA that can help Indian society, not only that but some funds also have been allocated to repair our worship place are also much needed right now.