Budget 2014 - BR1M

The caring 2014 budget is tailored to further ease the burden of living in accordance with the implementation of targeted subsidies, and Najib Razak is pleased to announce that the BR1M or the 1Malaysia People's Aid to households and single individuals will be improved.

BR1M for households earning three thousand dollars monthly and below will be increase from 500 dollars to 650 dollars.

photo source : www.thestar.com.my

For single individual aged 21 years and above and whose income is not exceeding two thousand dollars a month, the BR1M would be increased from 250 dollars to 300 dollars.

Before the Speaker and the Members of the House, Najib Razak recommended that the Family Takaful Insurance contributions, Rakyat 1Malaysia or i- BR1M worth 50 dollars be given to all households of BR1M recipients. The move is expected to provide maximum protection for up to 30 thousand dollars to BR1M recipients in the event of death or permanent disability.

BR1M recipients whose monthly household income do not exceed three thousand dollars, will enjoy the 700 dollars.

For the first time. BR1M will be extended to households with a monthly income of between three thousand to four thousand dollars with the help of 450 dollars . He has considered on the cost of living increases borne by lower-average income group. This group will also enjoy the contribution of i- BR1M worth 50 dollars, summing up to a total of RM500 BR1M .

To implement all the packages on BR1M 2014, the Government will provide a total of 4.6 billion dollars that is expected to benefit a total of 7.9 million recipients.

Najib Razak has walked his words ~ People First, Performance Now. This is no doubt.