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

Ahead of the Aidiladha celebration, the Malaysian authorities has announced the disbursement of the third part of the Rahmah Cash Aid (STR) for the B40 group recipients. Covert acknowledged that this fee will contain an allocation of over US$2 billion, benefiting eight million beneficiaries across the nation.
Additionally, Anwar mentioned that the e-Tunai Belia Rahmah, a money assist of US$200 for youths aged 18 to 21, might be distributed earlier than the third week of this month. This announcement was made in the course of the Minister’s Question Time at the Dewan Rakyat sitting.
In response to a question from Noraini Ahmad regarding the government’s reforms in approach and governance of legal guidelines or laws to curb the leakage of public money, Anwar, who can be the finance minister, mentioned 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 capability of the primary quarter when compared with previous years.
The US$158 billion contains US$3 billion for the first and second part payments of STR, benefiting 8.7 million recipients; particular monetary help to 1.3 million civil servants and over one million retirees; and US$3 billion for electrical energy invoice subsidies.
“US$11 billion for petroleum product subsidies and US$800 million for Early Schooling Assistance,” he stated.
Anwar also highlighted other steps taken by the federal government, corresponding to a 100% stamp obligation exemption for the acquisition of properties priced under US$500,000 and a 75% stamp responsibility exemption for properties priced between US$500,000 and US$1 million. This exemption is just relevant to first-time house consumers..

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