Prime Minister Datuk Seri Najib Tun Razak has announced a revised Budget 2016 to optimise the country’s developmental and operational expenditures in the face of slower economic growth.
Some of the budget revision highlights on education is summarised as below :
The government will continue four Public Service Department (PSD) scholarship programmes this year as scheduled, which are the national scholarship programme for the top 20 SPM graduates to study overseas; a special engineering programme for 200 students to go to Japan, Korea, Germany and France; a bursary programme for 744 students to study for their first degree at public and private local universities; and scholarships for 8,000 students to study their first degree locally.
- First, the National Scholarship Programme for 20 top SPM students to pursue study at renowned universities globally.
- Second, the Special Engineering Programme for 200 students to Japan, Korea, Germany and France.
- Third, the Bursary Graduate Programme for 744 students to pursue undergraduate studies in public universities and private institutions of higher learning in the country; and
- Fourth, the new intake of 8,000 students will be awarded scholarships to pursue undergraduate studies in the country.
The allocation for the National Higher Education Fund (PTPTN) financing totalling RM5 billion will continue to be channelled to undergraduates.
The MyBrain15, Academic Training Scheme for Bumiputera (SLAB) and Academic Training Scheme of Public Higher Education Institutions (SLAI) programmes will be continued. Currently, 25,000 students are pursuing studies under these programmes. The Government has agreed to the increase of 15,000 new students for the MyMaster programme, 5,000 for MyPhD, and 300 for SLAI. These programmes will be given an additional allocation of RM300 million.