Budget 2016 is seen by several senior citizens as an effective financial plan to alleviate the hardship of ageing Malaysians.
The Budget sets the minimum pension rate at RM950 (S$312) a month for pensioners with at least 25 years of service, which will benefit almost 50,000 pensioners.
It also provides a special aid of RM250 for retired civil servants and RM300 for poor senior citizens.
Ujong Pasir Residents Association senior citizen chief Tan Chai Hock, 80, called the Budget "senior citizen" friendly.
"At last, elderly folks like us have not been forgotten as we too are finding it hard to cope with the current economic situation.
"Sometimes people forget that we, the senior Malaysians, played a crucial role in nation-building," he said when interviewed yesterday.
With minimal savings, he said senior citizens without a monthly pension had been badly affected by the global economic crisis.
Lim Kim Seng, 78, from Jalan Tukang, Malacca, said the Budget was tailored to meet the needs of the elderly but more should be done to help those without a proper income.
"We don't want to depend on our children to support us through our twilight years. We want to stand on our own two feet," he said.
Tan Sim Yong, 68, also described Budget 2016 as fair for those in his age bracket.
"A 'grey' Malaysian like me welcomes Budget 2016 as it neutralises the impact of the global economic crisis," he said.