Budget 2014 was announced earlier by Prime Minister Datuk Seri Najib Razak. There was no mention of the status of the current tax exemption for hybrid/electric vehicles, which we’re discussing in a separate post. Here are other auto/transport-related points from the PM’s speech:
- Transportation services such as bus, train, LRT, taxi, ferry, boat and highway toll will be exempted from Goods and Services Tax (GST), which is set at 6%, when GST begins on April 1, 2015.
- The GST replaces sales tax and service tax. The current sales tax for cars is 10%. Does this mean that GST will reduce sales tax on cars by 4%?
- A sum of RM980 million has been allocated to refurbish and upgrade 437 km of rural road networks nationwide. Additionally, RM500 million has been allocated for the Pan-Borneo Highway Project.
- To address the shortage of parking lots at Hospital Kuala Lumpur (GH), a total of 1,950 new parking lots will be completed in 2014.
- Providing ‘park-and-ride’ facilities at LRT, KTM Komuter and ERL stations with an allocation of RM62 million.
- The implementation ofSistem Perkhidmatan Teksi Berpusat (centralised taxi service system) with an allocation of RM15.3 million, to ensure that taxis are distributed more efficiently to customers.
- Construction of the 316-km West Coast Expressway project from Banting to Taiping.
- Constructing the Ipoh to Padang Besar double-tracking project, and later, from Gemas to Johor Bahru as well as upgrading rail tracks across the country, with RM2.9 billion allocated.
- Refurbishment of KTM Komuter EMU (Electric Multiple Units) trains with an allocation of RM28 million, to improve service reliability and frequency.
- The building of city terminals (hentian akhir bandar) and the upgrading of bus stations in addition to drop-and-ride facilities with an allocation of RM28 million.
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AI-generated Summary ✨
Comments express frustration over the lack of car price reductions and hybrid incentives despite promises, concern about rising taxes like GST, and criticism of government spending scandals. Many feel the budget favors the wealthy and big corporations, neglects fuel and emission standards, and criticizes Proton and other local automakers. There is disappointment that eco-friendly and fuel-efficient vehicles, such as hybrids, are not being prioritized or supported by tax exemptions. Some comments are off-topic or discourage political discussions, but overall, sentiments show dissatisfaction with automotive and environmental policies in the budget.