KUALA LUMPUR, June 25 — Middle-income earners in Malaysia are feeling the financial pain from rising living costs and are in need of government assistance too, according to economists and a consumer group.
Nungsari also suggested that the government impose higher taxes on the country’s top tier income bracket to offset the potential loss of revenue to federal coffers from lowering taxes on the M40 group. Economic analyst Mohd Yusof Saari suggested several ways in which the government could ease the M40 group’s financial burden.“This is a critical time for the lower income groups, especially the B40 and and a majority of the M40. The soaring prices of goods is impacting them significantly,” Mohd Yusof told Sinar Harian.
He also suggested the government help provide some form of educational and health assistance to the middle income earners.
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