Malaysia

Budget 2024: RM500 mil allocated to help hardcore poor increase income

Efforts to eradicate hardcore poverty have continued to see progress

Updated 2 years ago · Published on 13 Oct 2023 8:54PM

Budget 2024: RM500 mil allocated to help hardcore poor increase income
Latest data showing a drop of the hardcore poverty rate from one per cent in 2020 to 0.2 per cent - The Vibes file pic, October 13, 2023

KUALA LUMPUR - The government will allocate RM500 million next year to help more hardcore poor to increase their income through the People's Income Initiative (IPR) programme.

Prime Minister Datuk Seri Anwar Ibrahim said the IPR launched this year, managed to increase the monthly income of over 2,000 IPR participants, including under the INSAN programme where the participants could earn sales revenue of up to RM14,000 per month.

"Efforts to eradicate hardcore poverty have continued to see progress with the latest data showing a drop of the hardcore poverty rate from one per cent in 2020 to 0.2 per cent or only 18,000 households today, which we believe can be addressed before the end of this year," he said when tabling the 2023 Budget at Dewan Rakyat today.

In addition, Anwar said the government has agreed that all MySTEP appointees will be offered to join development skills programme under MyFutureJobs where the platform will perform job matching to help them build a future career and earn a higher income. 

He said the initiative would offer 50,000 contract job opportunities in the public sector and government- linked companies (GLCs) starting January 2024.

Anwar, who is also the Minister of Finance, said the government will continue to encourage the vulnerable group, such as persons with disabilities (PWD), ex-prisoners and the elderly to find meaningful jobs.

As such, to encourage the private sector to employ the vulnerable group, he said the Social Security Organisation (Perkeso) will provide a special incentive of RM1,500 per month for six months to support the entry of over  3,300 job seekers with an allocation of RM30 million.

He said the one per cent job opportunity policy for PWDs will also be extended to ex-convicts and the elderly through MyFutureJobs job matching and MySTEP programmes.

Vulnerable groups participating in MySTEP will be offered contractual placements with an allowance of RM1,500 for a period of six months,” he said.

In addition, Anwar said the Perkeso Career Development Programme will continue so that those involved in the gig economy have the opportunity to attend career development and micro-credential training programmes.

He said RM35 million would be provided for training fees and income replacement incentives for 9,000 gig workers who attend training courses. - Bernama, October 13, 2023

Related News

Education / 2mth

SPM 2025 results record best achievement - Education DG

Education / 2mth

SPM 2025 results out today

Malaysia / 4mth

Results of Kinabatangan, Lamag by-elections expected as early as 10pm - EC

Malaysia / 6mth

Sabah polls: Complete results expected by midnight

Malaysia / 7mth

Sabah polls: Young, undecided voters could determine outcome, reveals study

Malaysia / 7mth

Muhyiddin’s IPR lacks clear direction; Another political rhetoric?

Spotlight

Malaysia

Anwar congratulates Modi on becoming India's longest-serving elected PM

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

People

Malay kampongs in Bangkok: Echoes of southern heritage in Thailand’s capital

Opinion

Johor MB’s exclusionary rhetoric betrays the people, exposes UMNO’s political hypocrisy

Malaysia

Johor and NS polls first major test of post PAS-Bersatu political order

Malaysia

Claimed installation of 12th N. Sembilan ruler invalid - Pengelola Bijaya Diraja

Malaysia

4WD driver who drove backwards on highway nabbed, positive for drugs (video)

By Ian McIntyre

Malaysia

Seven in ten Malaysian workers earn RM5k or less - economist

You may be interested

Malaysia

PAS not contesting solo in Johor PRN, new political alignment formed

Malaysia

Anwar congratulates Modi on becoming India's longest-serving elected PM

Malaysia

BN banking on Malay vote strategy that delivered 40-seat Johor win, says analyst

By Alfian Z.M. Tahir

Malaysia

Fiscal deficit target under pressure as surging subsidy costs test Malaysia’s consolidation plans

Malaysia

Anwar warns global order lacks direction, calls for renewed international cooperation

Malaysia

PAS-UMNO meeting a positive step in line with new political dynamics – Zahid

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

Malaysia

Johor, Negeri Sembilan seat talks enter final stage as PH awaits Anwar’s return