How much of Budget 2021 is allocated to subsidies and incentives?

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RM28 billion is allocated to subsidies and incentives under Budget 2021

Budget 2021 allocates approximately RM28 billion towards subsidies and incentives as part of its overall RM322.5 billion total budget. This significant allocation aims to stimulate economic growth, attract foreign investment, and create job opportunities within Malaysia.
Allocation for Subsidies and Incentives

Nearly RM28 billion of the RM322.5 billion total budget for 2021 has been designated for subsidies and incentives. These funds are intended to support various sectors and individuals, fostering economic activity and employment.
Support for Targeted Groups and Informal Sector

Subsidies are specifically designed to assist target groups, including farmers, fishermen, smallholders, and rubber tappers, enabling them to sustain their businesses. This approach also extends to supporting the informal sector, ensuring continued operation and economic participation.
Economic Growth and Employment Opportunities

The measures outlined in Budget 2021, including the allocated subsidies and incentives, are projected to support the country's economic growth. This growth is expected to mitigate the impact on employment opportunities, with the aim of preventing further job losses.

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How much of Budget 2021 is allocated to subsidies and incentives?

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