KUALA LUMPUR, Oct 13 — The well-being of the rakyat remains the Unity Government's utmost concern and priority, as well as ensuring Malaysia's prosperity benefits all segments of society, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, Oct 13 — There is a crucial need for the government to relook, reform and redesign the delivery of social assistance, particularly cash transfers, to ensure inclusive and equitable protection.

KUALA LUMPUR, Oct 13 — The government will improve policies to increase wage growth, including reviewing the minimum wage and relevant laws to warrant a better working environment and exploring the implementation of a progressive wage model.

KUALA LUMPUR, Oct 13 — The choice between the Sales and Service Tax (SST) and the Goods and Services Tax (GST) hinges on Malaysia's economic goals, administrative capabilities, and the need to achieve an optimal balance between revenue generation and the promotion of fairness and equity among the rakyat, said the Finance Ministry (MoF).

KUALA LUMPUR, Oct 13 — Maaysia’s domestic demand is projected to expand by 5.3 per cent in 2024, the Ministry of Finance (MoF) said in its Economic Outlook 2024 report released today.

KUALA LUMPUR, Oct 13 — The Federal government’s revenue collection in 2024 anticipates a marginal growth of 1.5 per cent to RM307.6 billion or 15.6 per cent of gross domestic product (GDP), driven by higher tax collection.

KUALA LUMPUR, Feb 24 — The government will take a more holistic and inclusive approach to improve and evolve Malaysia by emphasising the importance of merging the human component with economic development to ensure a more humane economy in line with the concept of Karamah Insaniah and six core values in MADANI.

KUALA LUMPUR, Feb 24 — The fiscal deficit for the Medium-Term Fiscal Framework (MTFF) 2023 - 2025 is expected to consolidate at a gradual pace with the overall balance averaging at 4.1 per cent of gross domestic product (GDP), the Ministry of Finance (MoF) said.

KUALA LUMPUR, Feb 24 — The Federal government’s revenue is projected to decline slightly by one per cent in 2023 to RM291.5 billion, following smaller proceeds from non-tax revenue resulting from lower crude oil prices.