Every time there is a Malaysia budget, people will be speculating about government sector salary increment or pay rise and bonus. This year is the same thing with at least 10% pay rise for government servants according to a talk and chat in so many Malaysia forum site today. Some forumer also speculating that government servant might get a maximum 30% pay rise for 2011 budget. They said, no bonus will be given this year since the salary increment much more better. COLA (Cost of Living Allowance) will be terminated. The salary increase is expected to be starting in November 2010.
The 2011 Budget will be tabled tomorrow on 15 October 2010 by Prime Minister and Finance Minister Datuk Seri Najib Tun Razak in Parliament. Najib said next year's budget will operationalise the five strategic thrusts outlined in the 10MP. This involves transforming Malaysia using the National Key Results Areas (NKRA) methodology, unleashing economic growth, inclusive socio-economic development, developing and retaining a first world talent base as well as enhancing the quality of life. This will be achieved through the four pillars of national transformation agenda of 1Malaysia concept, the Government Transformation Programme, the New Economic Model and the 10th Malaysia Plan (10MP).
The rise of government servant salary will also mean the increase of most major necessary item, its a trend. I don't know if the same thing happen in other country. Seller in Malaysia will make the government salary increment as an excuse for them to increase the price of goods. Don't worry everyone, ithis is just a rumour that I read today from most Malaysia forum talking about Malaysia budget for 2011. Some even says people in the treasury department confirm the latest news. Hahahahaha.... In my opinion, just read what you found in the Internet and wait for the announcement tomorrow.
Source: Star Newspaper
Anyone knew what time this budget 2011 will be announced by Najib tomorrow 15 October 2011? 3 pm?