Malaysia disburses US$2 billion Rahmah Cash Aid for B40 group

Ahead of the Aidiladha celebration, the Malaysian government has introduced the disbursement of the third section of the Rahmah Cash Aid (STR) for the B40 group recipients. Prime Minister Anwar Ibrahim acknowledged that this cost will contain an allocation of over US$2 billion, benefiting eight million beneficiaries throughout the nation.
Additionally, Light talked about that the e-Tunai Belia Rahmah, a money help of US$200 for teens aged 18 to 21, shall be distributed earlier than the third week of this month. This announcement was made through the Minister’s Question Time on the Dewan Rakyat sitting.
In response to a question from Noraini Ahmad concerning the government’s reforms in approach and governance of laws or rules to curb the leakage of public money, Anwar, who can be the finance minister, said that as of May, a complete of US$158 billion or 41% of the whole 2023 Budget had been spent. He described this as one of the best capacity of the primary quarter when compared with earlier years.
The US$158 billion includes US$3 billion for the primary and second part payments of STR, benefiting 8.7 million recipients; special monetary assistance to 1.3 million civil servants and over one million retirees; and US$3 billion for electrical energy bill subsidies.
“US$11 billion for petroleum product subsidies and US$800 million for Early Schooling Assistance,” he said.
Anwar additionally highlighted other steps taken by the government, corresponding to a 100 percent stamp responsibility exemption for the purchase of properties priced below US$500,000 and a 75% stamp responsibility exemption for properties priced between US$500,000 and US$1 million. This exemption is simply relevant to first-time home patrons..

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