Sunday , October 2 2022

He does not neglect an M40 income group, says Asli chairman


2019 BUDGET | Although the B40 income group is said to be the winner in the 2019 Budget, the government does not neglect the M40 income group, said Ramon Navaratnam, chair of the Center for Public Policy Studies of the Asian Strategy and the Leadership Foundation .

"Do not turn off. I believe that the Pakatan Harapan government has gone as far as they can and focus on the B40 category first, which shows its priority. The middle income group can wait a little longer for more concession.

"Rome was not built in a day. You can not make radical changes in the budget in a year where the restrictions are so serious, lower revenue, spending and debts are available and we have to watch the budget deficit so this will take some time, "he said Bernama.

He commented on concerns about the inequalities of income-expanding in the country, broadcast by the Malai Advisory Council (MPM).

In a statement yesterday, the MPM said that the 2019 Budget did not tackle the large inconsistencies in income between Bumiputera and non-Bumiputera, between urban and rural groups, and between B40, M40, T20 income groups .

From the point of view of the Economic Adviser MPM, Akhbar Ali, there was a doubt of the disclosure of assets in government in non-strategic companies, Ramon said they were unfair as the sales could generate revenue for the benefit and tlawd.

In Budget 2019, Finance Minister Lim Guan Eng proposed four steps to increase government assets, including reducing its part in non-strategic companies and implementing public-private partnership models for public projects in relation to land exchange transactions through an open tender mechanism.

Ramon said through the 2019 Budget, that the wealthier could do much more to help the B40 and M40 income groups, such as by raising wealth tax, death tax and inheritance tax.

"We want to deliver better income, more balanced growth and a more just society … and here's the way forward … then we will have more national stability and unity," he said.

The government has planned to allocate RM314.5 billion for the 2019 Budget compared to RM290.4 billion in the 2018 Budget.

From this figure, there is RM259.8 billion for operating expenditure and RM54.7 billion for development expenditure.

– – Bernama

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