Malaysia on Friday unveiled a scaled-back spending plan for the year and plans to tax the wealthy as Prime Minister Anwar Ibrahim focuses on narrowing the budget deficit.
In a speech in parliament, Anwar said Malaysia will introduce a luxury goods tax this year and consider implementing a capital gains tax."Given that the income and wealth of the country is concentrated among the wealthy and elites, it is appropriate that the distribution of national income is focused on low and middle income groups," Anwar said.Anwar, in the report, said he will launch measures to strengthen the governance of public finances, and gradually reduce Malaysia's debt.
The prime minister warned that 2023 will be a challenging year for the economy, largely due to the global slowdown and prolonged geopolitical risks.in 22 years. Malaysia had earlier forecast 2023 growth at 4%-5%. Government expenditure this year is expected to total 386.1 billion ringgit , lower than last year's preliminary spending estimate of 395.2 billion ringgit.State oil company Petronas is expected to pay the government a dividend of 40 billion ringgit, higher than the previous government's projection of 35 billion ringgit.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
NBA 2K23 Reveals Season Five Content Launching This Friday2KGames will be launching Season 5 of NBA2K23 this Friday, bringing in new content with a Miami look and vibe.
Leer más »
Catch the fish fry in Arlington Heights on Friday nightsAs the Lenten season begins and many abstain from meat on Fridays, the Knights of Columbus Hall in Arlington Heights will again be a popular locale for its weekly fish fry starting Friday night.
Leer más »
Bay Area Freeze Warning Extended Through FridayNEW: The National Weather Service extends its freeze warning for the Bay Area's interior valleys another 24 hours into Friday.
Leer más »
Columbus weather: Record-setting warm day expected for Thursday, snow possible FridayColumbus will see a potential record setting high on Thursday, followed by a 50-degree drop and chances of snow and rain through the weekend.
Leer más »
Bexar County to shut down Friday for active shooter trainingThe courthouse, Paul Elizondo Tower, Justice Center and other buildings will be closed and...
Leer más »
Five things to watch as high school boys regional basketball gets underway on FridayA week ago we took a look at five things to watch in the IHSA girls basketball postseason, and today we'll switch to the boys as we gear up for regional championship games Friday night.
Leer más »