THE government will contribute RM500 directly into the accounts of about two million Employees Provident Fund (EPF) members, said Anwar Ibrahim. 

The finance minister said those who will benefit from this contribution are EPF members aged 40 to 54 with savings of less than RM10,000 in their Account 1.

“This programme will benefit almost two million EPF members which involves an allocation of almost RM1 billion,” Anwar said while re-tabling the Budget 2023 today.

He also said that some two million youths aged between 18 and 20 will each be given a one-off e-cash credit of RM200 as part of the “e-Tunai Belia Rahmah” scheme, with a total allocation of RM400 million.

Households earning less than RM2,500 will be given cash assistance amounting to RM2,500, while an additional RM600 in aid in the form of food baskets and basic food items vouchers will also be distributed to those in the lowest income brackets.

This will see eligible families and the poor receive a maximum of RM3,100. –  February 24, 2023.