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Anwar’s mettle as finance minister now put to the test

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The prime minister will have to strike a balance between meeting demands for more handouts and subsidies and ensuring that the country’s financial health does not deteriorate.

The rakyat is hoping for more of everything under Prime Minister Anwar Ibrahim’s Madani Economy and it is up to him, in his other role as finance minister, to deliver.

Those who have lost jobs and incomes at the height of the global pandemic are still looking for a way out of their financial predicament. Under Budget 2023, the government raised the portion for subsidies to RM55 billion but indications are that a lot more will have been spent before the year is out. Revenue from taxes alone is expected to yield RM205.58 billion by the end of this year, up from RM198.23 billion in 2022.Plugging the holes

 

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