News Formal

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

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Budget 2024 to be tabled by finance minister, prime minster Anwar Ibrahim at 4pm on Friday, October 13Malaysia’s Budget 2024 will be tabled this Friday, October 13 at 4pm by finance minister and prime minister Datuk Seri Anwar Ibrahim, and as with previous editions of the Budget, we will be monitoring his …
Source: paultan - 🏆 22. / 51 Read more »