Dec 26, 2013

BR1M3. Malaysia announces another year of cash distribution

Malaysia announces a third consecutive year of cash distribution.
KUALA LUMPUR: The RM4.6 billion allocation for the 1Malaysia People's Aid (BR1M) next year will be disbursed by February.
Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the amount allocated for BR1M 2014 had increased because of the rising number of recipients. The payout will involve seven million people, an increase from last year's 6.8 million.
Read more: 7 million to receive BR1M next year - General - New Straits Times. 20 Dec 2013.
The details: (Read more:
Households (RM650)
1. Household that has income below RM3,000

Households (RM450)
1. Household that has income between RM3,000 to RM4,000

Individuals (RM300)
1. Total gross monthly income of RM2,000 and below
The amount is not small. But compared to Malaysia's potential citizen dividend of RM 2,200 for each citizen, this amount is relatively very small.

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