Prime Minister Najib Abdul Razak announced that the 1Malaysia People Aid (BR1M) cash handout will be increased to cushion the impact of higher fuel prices.
At a specially-called press conference at his office after chairing the fiscal police committee meeting today, Najib higher BR1M payout was a social safety net for the lower income and vulnerable groups.
"To reduce the burden on the low income and vulnerable groups, following the fuel subsidy ratianalisation, BR1M will be increased in the Budget 2014, of which the new quantum will be announced in the upcoming budget," he said.
At a specially-called press conference at his office after chairing the fiscal police committee meeting today, Najib higher BR1M payout was a social safety net for the lower income and vulnerable groups.
"To reduce the burden on the low income and vulnerable groups, following the fuel subsidy ratianalisation, BR1M will be increased in the Budget 2014, of which the new quantum will be announced in the upcoming budget," he said.
[More to follow]
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