Every single person has been talking about how the new formed government is going to help curb the financial situation now that a new ruling party steps in to run the show...
And I am very sure that many concerned regular folks would have started wondering how they can navigate with the rising inflation with low wages...
I recently have heard that even the sector I am working, my day job will also be affected, as much as USD $300; and this shows how the market is struggling at the moment...
Which got me thinking, how are the tax exemption is going to happen next year as this budget is presented on the table.
Right after the budget 2019 is being tabled, I noticed that there is a website with a quiz that helps you to check how this effects a regular citizen of Malaysia... straight from Malaysiakini in a summary ...
So I went to have a try, with my current salary, and what benefits (or not) is available for an average income earner with elderly parents with staying together.
Unfortunately this is very simple so you can't really conclude accurately, nevertheless it is good to understand its overall benefits and cuts.
And this is what I got...
Even if my parents are going to stay with me, because of my basic salary is just slightly above the maximum threshold of average income (by just MYR100 difference), I am not entitled to receive any monetary aid for the household.
Fortunately, as my parents still have their own home, a minimum MYR500 monetary aid is given if it is within this salary range (if my salary cut next year is confirmed).
But... the not so nice part is that it only assist citizens. ONCE a year.
This seems to be a new scheme that is going to be covered by one of the leading insurance provider in Malaysia, ONLY with approved BSH monetary aid, which I am not certain how they will be conducting who will benefit it in the household, especially many insurance agency will not cover senior citizens after a certain age, or will charge it heavily if they do not have an existing policy.
Although this electricity bill subsidy seems to be an attraction, but this is only covering extreme low income group, not realising that the lower income group actually does not have to pay income tax if it is in this range.
Finally something positive. As those who has to pay for income tax monthly based on their wages, middle income group still has a chance to apply for tax relief once a year, and it has increased by $300 USD for insurance and Employment (forced) Savings Fund payments.
This looks tricky. No doubt that it is per my advantage because I drive a small car, but I still do not see how it can be implemented so soon and how the system goes. I wonder for those who applies for such a privilege would they need to take on an extra special card that is registered to only their vehicle?
This seems to be a sad thing for home owners who's family are growing. No doubt this looks like it is to discourage people to take property as an investment on buying and selling; but because of such taxes I am pretty sure that the second hand houses are going to be even more expensive because sellers may not be willing to give up that % and hike up the price.
Only low cost houses and flats are not effected.
I am now wondering is this to push local tourism as extra levy is charged for oversea travelling; so for those who needs to travel abroad for work frequently may not be of an advantage here. Even frequent flyer points might not be able to cover this charges.
Last but not least - War on Soda (and other sweet drinks)?
This is probably the only disadvantage that effects me the least as I don't drink much soda these days; but for fast food junkies this probably could be hurting in the long run if they adjourn to fast food dinners especially in a set. 
Or maybe before this budget is enforced, you'll see plenty of sweet tooth drinkers would be prepping their favourite fizzy aside for the new years soon.