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MOF sec-gen: Reduce poverty, inequality via progressive fiscal policy

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KUALA LUMPUR: The Finance Ministry is committed to taking progressive steps to improve Malaysia’s fiscal policy in Budget 2024 to reduce poverty and i...

: The Finance Ministry is committed to taking progressive steps to improve Malaysia’s fiscal policy in Budget 2024 to reduce poverty and inequality in the nation.said: “It was a surprise to hear that fiscal policy currently has relatively small impact on poverty.”

He added that the Sumbangan Tunai Rahmah initiative will also be looked into to be further improvised so that it could benefit the lower end of B20. Meanwhile, Malaysia Economic Monitor said: “Despite a long-term declining trend, income inequality in Malaysia remains relatively high compared to regional and transitional peers and high income countries.

 

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