Malaysia Budget 2016 was presented by the Prime Minister on 23 October 2015. Let see what we have related to education and scholarship.
2016 Budget allocates a total of RM267.2 billion, an increase from a revised allocation of RM260.7 billion for 2015. The initial allocation for 2015 was RM273.9 billion. For 2016, federal government revenue collection is projected at RM225.7 billion, up RM3.2 billion from 2015.
- RM13.1 billion is earmarked for education and training, health, housing and the well-being of the people.
- RM360 million will be used to improve National Service and RM160 million allocated for NGOs.
- Aid for students slashed from RM540 million to RM350 million. In the past, RM100 aid was for all primary and secondary students. However, it has now been limited for students whose household income is less than RM3,000.
- A total of 1.2 million students will receive the 1Malaysia book voucher worth RM250.