Banks’ comments on 2017 Budget

Stake value: Azman

* Tan Sri Azman Hashim, Chairman of the Malaysian Investment Banking Association:

* Datuk Sulaiman Mohd Tahir, Group CEO, AmBank Group:

The 2017 Budget continues to focus in ensuring the economy continues to expand at a healthy pace, and at the same time reduce the fiscal deficit and address the public debt with the overall objective of bringing prosperity to the nation and promoting the wellbeing of the Rakyat.

Affordable Homes

One of the key initiatives of the Budget 2017 is on the affordable homes. The introduction of PR1MA house end-financing scheme bodes well. In particular, it will benefit those household in the M40 category whose salary bracket falls between RM3860 to RM8319 per month as well as the B40 category whose salary bracket is RM3855 and below.

This scheme will help address the first time home buyers' in these income categories who are currently experiencing difficulties to own affordable homes due to its limited supply. 

SME