Malaysia's Prime Minister Anwar Ibrahim promotes fiscal reforms via targeted subsidies and revenue base expansion for sustainable economic growth.

Malaysia's Prime Minister Anwar Ibrahim emphasizes the importance of fiscal reforms, focusing on targeted subsidies and revenue base expansion, to maintain a sustainable and solid economy. The tax revenue-to-GDP ratio of 11.8% limits government investment in people development and aid for vulnerable groups. To address this, the government plans to strengthen the Debt Management Office and streamline the Finance Ministry's Investor Relations Office.

March 27, 2024
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