Budget 2015 will be announced by Prime Minister Datuk Seri Najib Razak at 4 pm today. We will be posting live updates on any automotive-related announcements from his speech here. Watch this space for updates.
Automotive
- RON 95 petrol, diesel and LPG – NO GST
- Subsidy rationalisation of petrol, diesel and LPG to be done in stages, government mechanism to be announced “in due time”
Transport
- Construction of Sg Besi-Ulu Klang Expressway (SUKE), 59 km stretch, at a cost of RM5.3 billion
- Construction of Lebuhraya Pantai Barat (West Coast Expressway) from Taiping to Banting, 276 km, at a cost of RM5 billion
- Construction of Damansara-Shah Alam Expressway (DASH), 47 km, at a cost of RM4.2 billion
- Construction of Lingkaran Luar KL to Hubungan Timur, 36 km, at a cost of RM1.6 billion
- Construction of MRT Phase 2 Selayang to Putrajaya stretch, 56 km, at an estimated cost of RM23 billion
- Construction of Pan Borneo Highway, 1,663 km (936 km in Sarawak, 727 km in Sabah), at a cost of RM27 billion
- LRT3 project connecting Bandar Utama to Shah Alam and Klang, at an estimated cost of RM9 billion
- To develop electric vehicle manufacturing industry, Sustainable Mobility Fund of RM70 million to be established under SME Bank – 50 electric buses to be introduced initially
- Facilitation of Bas Antarabandar (inter-city bus services) for those who live outside the city but work in KL – routes are Rawang-KL, Klang-KL and Seremban-KL, monthly fare is discounted by 30%
- Upgrading of stage bus services with existing bus operators in Kuching, Ipoh, Seremban, Kuala Terengganu and Kangar
- Electric Train Service (Ipoh-Butterworth) to start in April 2015
- Rural road upgrade project, 635 km, including trunk roads in Sabah and Sarawak, RM943 million allocated
6.15 pm – The Prime Minister has finished his Budget 2015 speech.
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AI-generated Summary ✨
Comments reflect mixed reactions to Malaysia's Budget 2015, mainly focusing on concerns over toll increases, highway costs, and the allocation of government funds. Many criticize the government for alleged corruption, misuse of funds, and prioritizing infrastructure projects benefiting cronies over public needs. There’s skepticism about benefits for middle and low-income groups, fears of rising living costs due to GST and fuel hikes, and doubts about the quality and transparency of project implementation. Sentiments range from cynical to hopeful, with ongoing discussions about economic and political implications.