Benedict Weerasena, Research Director of Bait Al Amanah (House of Trust), shared his insights on the Retabled Budget 2023 in an exclusive interview with Astro Awani.
He noted that the budget represents measured improvements over the previous budget presented last October and that the government has prioritized a balance between short-term and long-term initiatives, as well as reforms and fiscal responsibility.
Benedict highlighted the Government Procurement Act as an example of how the government is working to improve good governance and accountability in public spending. The budget also includes several initiatives to help lower-income groups and promote upward social mobility, such as the IPR initiative that allocates 750 million to provide support and resources for those in need.
To learn more about this discussion, be sure to listen to the full interview:
Abel Benjamin Lim, Head of Economics and Public Policy of Bait Al Amanah (House of Trust) engaged in a panel discussion, ‘Naratif Khas Belanjawan Malaysia Madani’ RTM.
The discussion involved an analysis of the Budget 2023, the impact of the reformed tax proposed on the economy - especially the Capital Gain Tax, a need for a clear graduation approach than a one-off handout, human capital development (skills development) and the feasibility of the government’s initiative to put an end to hardcore poverty.
To learn more about this discussion, be sure to listen to the full interview:
Below is the media coverage featuring our economist's insights on the retabled budget.
On Food Security - Free Malaysia Today
On Capital Gains Tax - Free Malaysia Today
On Equal Constituency Fund - Free Malaysia Today