| Education in Budget 2012 Posted: 08 Oct 2011 08:48 PM PDT 
The government has working so hard to provide the best Budget for the Rakyat. We share some key highlights on education during Budget 2012 presentation for your reference in this post. The full budget 2012 speech you can get from http://www.treasury.gov.my
- Knowledge is the pillar of civilisation and the foundation for excellence. Therefore, to achieve the aspiration of becoming a developed and high-income country, the Government continues to give priority to the development of the education system to produce talented, highly-skilled, creative and innovative workforce.
- The education sector will be allocated RM50.2bil in 2012. For the Ministry Education, development allocation amounting RM1.9bil will be spend on all types of school consisting of national schools, national-type Chinese and Tamil schools, mission schools and Government-assisted religious schools.
- RM1bil will be provided through a special fund for the construction, improvement and maintenance of schools, particularly to cater for the immediate needs of schools. Of this, RM100mil each will be for the national-type Chinese schools, national-type Tamil schools, mission schools, Government-assisted religious schools, Maktab Rendah Sains MARA while the remaining RM500mil for national schools.
- To provide a brighter future for all Malaysian children irrespective of their socioeconomic background, the Government will ensure quality and affordable access to education. Currently, students in primary and secondary schools are still required to pay RM24.50 and RM33.50, respectively, for co-curriculum, internal test papers, Malaysian Schools Sports Council fees and insurance premium. To ease the burden on parents, it is proposed that these payments be abolished commencing the 2012 school year. With this announcement, for the first time in history, primary and secondary education is provided free. The abolition of these payments would involve an allocation of RM150mil
- The private sector also plays an important role in providing quality education towards creating an excellent future generation. In line with this, the Government proposes private schools registered with the Ministry of Education and complies with stipulated regulations be given the following incentives: First: Income tax exemption of 70% or Investment Tax Allowance of 100% on qualifying capital expenditure for a period of 5 years; Second: Double deduction for overseas promotional expenses to attract more foreign students; and Third: Import duty and sales tax exemptions on all educational equipment. The Government hopes that the savings accrued to the private school operators will subsequently result in the reduction of school fees to ease the burden of parents.
- Registered primary and secondary schools, including national schools, national-type schools, mission schools and Government-assisted religious schools often receive financial contribution from companies and individuals to upgrade school facilities. To encourage more charitable activities, contributions are eligible for tax deductions. This facility will be extended to all registered places of worship. The Government will expedite tax exemption approvals for education institution and all places of worship.
- The Government will offer tuition fee assistance to civil servants to further their studies on part-time basis. In 2012, the Government with the cooperation of public institutions of higher learning will offer 5,000 masters scholarships and 500 doctoral scholarships for eligible civil servants, including teachers with an allocation RM120 million. The Government will also offer 20,000 places for diploma teachers to pursue their undergraduate studies. In this regard, the Government will allocate RM80mil for the first year. I am confident the civil servants and teachers will have a better career path and promotional prospects.
- The private sector is encouraged to work together in strengthening the development of high-skilled human capital. To achieve this, the Government proposes tax incentives as follows: First: Double deduction on allowances paid by companies to the participants of internship program; Second: Double deduction on scholarship awards; and Third: Double deduction on expenses incurred to participate in career fairs abroad.
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