Friday, September 07, 2007

Free Education in Malaysia

Budget 2008: Schooling will be totally free in Malaysia, says PM

Prime Minister Datuk Seri Abdullah Ahmad Badawi says the government will allow EPF contributors to make monthly withdrawals from Account 2 for the financing of one house from Jan 1.

The prime minister unveiled a generous Budget 2008 yesterday that will bring cheer to the man in the street as well as the business sector.

Datuk Seri Abdullah Ahmad Badawi, tabling the budget in parliament, announced free education and textbooks for all school-goers starting from next year’s session.

He also floated a RM9.6 billion measure to enable millions of Employees’ Provident Fund (EPF) contributors to draw on their savings to reduce their housing loan repayments.

With free education, the annual fee for primary and secondary schools will be abolished from next year. At the same time, the Textbook Loan Scheme will be provided to all students. Abdullah, who is also Finance Minister said: "With these measures, schooling in Malaysia is now completely free."

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