Najib unveils Budget 2014

Prime Minister Najib Abdul Razak has begun to unveil the details of Budget 2014.

Clad in a bright orange 'baju Melayu', Najib - to the delight of Pakatan Rakyat MPs as they waved their orange alternative budget booklet - started to address Parliament at 4pm.

Malaysiakini brings you the salient points of the budget speech here as it unfolds.

You can also check out the updates on Twitter @malaysiakini andFacebook.com/malaysiakini.

It is expected that the controversial Goods and Services Tax (GST) will be implemented at 6% starting 2015.

In his speech, Najib takes a shot at Pakatan over allegations there were 40,000 Bangladeshis voting in the 13th general election.

"According to the 2010 Population and Housing Census, estimates for 2013 indicate that there are 18.6 million Malays and Bumiputera (67.9% of total population) including Muslims and non-Muslims, Chinese, 6.6 million (24%) Indians, 2 million (7.2%), while there are 259,000 (0.9%) people of other ethnic groups (0.9%). This means there are about 27.4 million Malaysian citizens. 

"However, this does not include the 40,000 Bangladeshis who were
brought in as phantom voters in the recent 13th general election as alleged by the opposition. Till today no one has even seen them or their shadow. Enough of lies. Ask for forgiveness from Him."

The theme of Budget 2014 is 'Strengthening economic resilience, accelerating transformation and fulfilling promises'.