Sumbangan Tunai Rahmah (STR)
- Allocation increased to RM13 billion (up from RM10 billion), benefitting 9 million recipients (60 per cent of the adult population).
- Households can receive up to RM4,600, a notable increase from RM3,700 in previous years.
Sumbangan Asas Rahmah (SARA)
- Monthly cash aid set at RM100 for 4.1 million households, an increase from 700,000 this year.
- Funds credited to MyKad for purchasing essentials at over 600 participating stores.
Enhanced welfare assistance
- Monthly aid for senior citizens raised from RM500 to RM600.
- Child assistance for low-income families increased to RM250 per child (aged 6 and below) and RM200 (aged 7-18), up from RM200 and RM150, respectively.
Minimum wage increase
- The minimum wage will rise from RM1,500 to RM1,700 starting February 2025.
- Businesses with fewer than five employees were granted a 6-month extension.
Targeted tax reliefs
- Increased income tax deductions for education and medical insurance premiums to RM4,000.
- Medical expense deductions increased to RM10,000.
- First-time homebuyers to receive tax relief of up to RM7,000 on housing loan interest for properties up to RM750,000.
Subsidies and support schemes
- Continued commitment to petrol and diesel subsidies, benefiting 85 per cent of the population.
- Additional support from revenue generated by special number plates to aid underprivileged groups.
