Bank Negara Affordable Housing Fund. As at September 2019, a total of 2,840 applications amounting to RM472.7 million were received. The approval rate is 77.9% with 982 total applications worth RM 156.2 million are approved.
To promote tourism, the MOF will continue to grant 50% of the tourism tax revenue to the state governments.
Strategy 8: Inclusive Development - Provision RM10.9billion for rural development.
Those in the rural areas of Sarawak and Sabah will not be left out of the National Fiberisation and Connectivity Plan. Some RM250 million will be spent on the two states alone, which will include providing rural areas with satellite internet connection.
RM70 million allocation for housing for new generation of FELDA settlers
Qualified electrical and engineering companies will be offered 10-year tax breaks and other incentives.
For the year 2020, Sabah and Sarawak remained the state that received the highest development expenditure with a total allocation of RM 5.2 billion and RM 4.4 billion respectively.
Compared with Budget 2019, operational expenditure down 7.25% to RM241.020 billion
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