KUALA LUMPUR, Sept 15 — PKR has presented 12 economic, political, and social policies that it said would assist Malaysians recover from the Covid-19 pandemic, as well as improve overall livelihoods, for the Ministry of Finance to consider including as part of Budget 2023.
“At the end of the meeting, the parties agreed to have at least one more meeting before the slated October 7, 2022 Budget Day,” Wong said in a statement today. Wong said that PKR had also urged the MoF to be realistic with the revenue projections and not be “too optimistic or illogical”. Wong said that his party has also asked the government to look at other sources of revenue, such as progressive capital gains tax or inheritance tax, while at the same time, asking Petronas to reduce the high profit margins of all its vendors.
The PKR trio also cautioned the government to tighten up all mega projects, irrespective whether these are directly funded or via Private Finance Initiatives, and only pursue those which are already ongoing for completion or deemed absolutely necessary. They also said that they are aware of the limited capacity of the government to pursue new policies and urged Putrajaya to focus more on subsidies in 2023.“We are of the view that the current universal petrol subsidy is unsustainable and benefits the rich much more than the B40, and as such suggested the government to explore tiered pricing and cash transfers as possible solutions,” he said.
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