Budget 2024: RM200mil allocation will enable new Socso initiatives

By CHARLES RAMENDRAN

PETALING JAYA: The Budget 2024 allocation of more than RM200mil for the Social Security Organisation (Socso) to empower the social protection network and to spur the labour market is in line with the Federal Government's structural reformation agenda.

Human Resources Minister V. Sivakumar said that the allocation involves the implementation of six initiatives.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Socso , Budget 2024 , Human Resource Ministry

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