Human Resources Minister V. Sivakumar welcomed the newly-tabled Budget 2024, saying that the RM6.8bil allocation for technical and vocational education and training (TVET) sector under Budget 2024 will help produce more skilled workers in the country.
00:00 I also see that there is an additional requirement for all ministries, including the Ministry of Human Rights,
00:10 where the additional requirement that the Ministry of Human Rights received for the 2024 budget is 110 million.
00:21 And what is very important and significant is the requirement for TWED, where the government requires 6.8 billion.
00:36 This is very important for us to ensure that there are efforts that are quite committed and serious from the government
00:50 to ensure that we can produce more skilled workers in our country and that is a requirement.
00:58 In addition, we also want to reduce the dependency on foreign workers, so we have to train local workers.
01:08 And for that, the 6.8 billion requirement is very significant.
01:14 In addition, I also see a slight increase in the PTPK budget, the 2023 budget is 178 million, for the year ahead, 180 million, there is an increase of 2 million.
01:34 And in addition, what is more significant is the requirement for the Suriroma Social Security Scheme under the Prakesh Soh,
01:47 where in 2023 the requirement was 20 million, for the year ahead it was added 30 million more.
02:00 So the total amount that can be received for the Suriroma Social Security Scheme for 2024 is 50 million.
02:10 And with the 50 million requirement, I see that more or less 400,000 women will be given social protection.
02:20 And in addition, there is also under the HRD Corp, 1.6 billion will be used to train 1.7 million workers,
02:41 in the reskilling and upskilling of workers. And all of this will help to improve the level of skill of our workers in our country.
