KUALA LUMPUR, Oct 15 — Budget 2016, to be tabled on Oct 23, will ensure that the bottom 40 per cent household income group continues to have opportunities for and access to higher education and skills training so that they have stable and better jobs, said Datuk Seri Najib Tun Razak.
The Prime Minister said the budget would also make provisions for the B40 households to enjoy affordable houses, higher income, acquisition of wealth and quality of life.
"Budget 2016 is important because of the most challenging global economic situation. It cannot be denied that the global economic uncertainty we see today has more or less jeopardised the Malaysian economic situation and raised concerns among certain sections of society.
"In this context, the B40 households are the most easily affected and in need of job stability and higher income to meet the costs of education, house ownership and cost of living," he said in his latest post on his blog, NajibRazak.com.
Nevertheless, he said, the government had to ensure that the capital economy remained active to generate the people economy, and the two economies had to be enhanced to bring the nation to the level of the high-income countries by 2020. — Bernama
