KUALA LUMPUR, Feb 25 — Political analysts have praised Budget 2023 as a step in the right direction for Prime Minister Datuk Seri Anwar Ibrahim, saying it would help cement his...
KUALA LUMPUR, Feb 25 — Political analysts have praised Budget 2023 as a step in the right direction for Prime Minister Datuk Seri Anwar Ibrahim, saying it would help cement his reputation as a leader looking out for Malaysians who are struggling financially.
Among measures announced in Anwar’s Budget 2023 was the lowering of the personal income tax rate for those earning between RM35,000 and RM100,000 annually, by two percentage points. “Beyond that, Anwar also promised a consistent stance against corruption, cutting out leakages and the involvement of middlemen in procurements,” said the associate director of political risk, public policy and government affairs at consultancy Vriens & Partners.
“In his speech, Datuk Seri Anwar mentioned that the headline inflation last year was 3.3 per cent, which is one of the lowest globally, but after that, he mentioned that the inflation for consumer food inflation only was 5.8 per cent, which is very high.
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