Budget sets right direction, but more reforms needed


Nick Tan

Malaysia aims to make Tun Razak Exchange in Kuala Lumpur and the financial centre in Iskandar Johor international finance hubs. – The Malaysian Insight file pic, February 27, 2023.

BUDGET 2023 shows good direction. The tax structure has been reformed to raise revenue, and economic stimulus assistance is focused on high value-added industries, SMEs, automation and digitalisation.

The cost-of-living burden was highlighted and environmental sustainability was broached. However, the reforms efforts invite scrutiny.


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