Highlights from Malaysia's Budget 2016

AFP

KUALA LUMPUR - Prime Minister Datuk Seri Najib Tun Razak tabled Budget 2016 in the Dewan Rakyat on Friday.

Najib, who is also Finance Minister, said the theme of the 2016 Budget is "Prospering the Rakyat".

The following are the highlights of his speech:

- RM267.2 billion (S$87.7 billion) has been allocated under Budget 2016 compared with the revised RM260.7 billion in 2015.

* There will be nine high-impact domestic projects worth RM6.7 billion in total.

* The first priority of Budget 2016 is to spur domestic investment to contribute 26.7 per cent to the GDP in 2016.

* The Budget aims to increase private investment to RM218.6 billion and public investment to RM112.2 million.