Budget 2014: Human capital development the biggest beneficiary

MALAYSIA’S human capital development is a big winner in Budget 2014 announcement – it is the single largest beneficiary with an allocation of RM54.6bil, or 21% of Budget 2014.

“The budget has not only highlighted the Government’s commitment to reduce the fiscal deficit but also provided fiscal space to invest in highly-prioritised area, particularly human capital development, which is outlined as the five main thrusts in transforming Malaysia into a high-income economy,” Talent Corp Malaysia Bhd chief executive office Johan Mahmood Merican told StarBizWeek.