What do Malaysians want from Budget 2020?

by Vase

Overview

Discover data and insights on Budget 2020. Learn what Malaysians think of the latest tax that will be implemented and what they want prioritized.

Some points to take note of are:

  • Respondents from the Central (58%) believe that the government can help the Malaysian youth/millennials by prioritising skill development and human resource transformation, while those in the East Coast (67%) and East Malaysia (65%) want more technical and vocational job opportunities and trainings.
  • Respondents from the Northern (62%) and Southern (60%) think the youth should be encouraged to build up work-relevant experiences with incentivised internships and apprenticeships.
  • 54% say education/job opportunities will improve their standard of living, while 48% say government regulation and/or initiatives to lower the cost of living would aid in improving their standard of living.
  • 60% say that the government can help Malaysian youth/millennials by creating more technical and vocational job opportunities and trainings, while 58% say the government could help by incentivising internships and apprenticeships to encourage youths to build up work-relevant experiences.
  • Majority of Malaysians want aid for the lower/middle income groups. 67% say they are hoping price control on basic necessities is established in Budget 2020, while 54% hope for government regulation or initiatives to help lower/middle income Malaysians to own homes, and 49% hope for welfare aid for Malaysians of lower/middle income groups.
  • 51% believe that Bantuan Sara Hidup (BSH) offers limited aid and it is insufficient compared to Bantuan Rakyat 1 Malaysia (BR1M). Only 24% believe BSH offers improved and better aid compared to BR1M.
  • To help lower income Malaysians own a property, 63% believe lowering the interest rates for first-time home owners would help, while 55% say removing the sales and service tax (SST) on building maintenance and service charges would help.
  • When asked about GST, 37% believe that there is no difference between GST and SST, while 35% say GST should be reinstated with a lower tax rate of 3%.
  • When asked about SST, 46% say there is no difference between SST and GST, while 30% think SST is more expensive than GST. Only 13% think SST is cheaper than GST.
  • 61% of respondents say they are not aware of the Digital Service Tax (DST) and this is the first time they are hearing about it.
  • 50% believe that online shopping will be more costly with a 6% DST, while 44% believe a minimum spend rate needs to be implemented for the tax to be imposed. Only 16% think this is a good initiative by the government to develop more homegrown solutions.
EXPLORE DATA

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This work is licensed under the Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

The views and opinions expressed in the report above are an aggregate analysis taken from 1,045 respondents sampled according to Malaysian Census and Malaysian Internet Census data. This aggregate analysis does not mirror the values and opinions of Vase Technologies Sdn Bhd (1152290-M) or CityPlus FM.

Vase Technologies is the operator of a platform to collect user opinions, and as such will not take any liability for the statements above. In case of any damages or other liabilities arising, no party can be liable as the data above is taken in aggregate.