💨 Abstract

Malaysia plans to introduce further subsidy cuts and new taxes in its 2025 budget to strengthen its fiscal position due to falling government revenue. The government is expected to announce a tax on high-value goods and sugar-sweetened beverages, but not a broad-based goods and services tax. The fiscal deficit is projected to narrow due to subsidy cuts. Economic growth is expected to be revised to 4.5% to 5.1%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖