INSAP welcomes the Ministry of Finance’s position to strengthen Malaysia’s fiscal position and to ensure wider coverage of assistance or welfare aid for the lower income groups, including people with special needs and marginalized groups. We understand that the government is laying the foundation for the eventual removal of subsidies for fuel and other essentials that would see rise in prices. However, we caution that the staringly lack of reform in the tax regime and support system for the working class or middle-income groups could potentially erode prosperity and wellbeing these group in the future.
