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The Malaysian Insider

Malaysia

Budget 2011: What’s up, what’s down

October 15, 2010

KUALA LUMPUR, Oct 15 — Prime Minister Datuk Seri Najib Razak today tabled his second budget for the country, raising it nearly three per cent — to RM212 billion — from his maiden attempt last year, in what analysts say point to a possible snap election soon.

Najib, who is also finance minister, did not raise sin taxes for alcohol as widely expected, although cigarette duties went up on October 1.

The only downside of the Budget 2011 proposals is a one per cent increase in service tax, from five per cent to six per cent, and a new six per cent service tax for paid television services.

At a glance, here are the ups and downs of Budget 2011.