Published 1 year ago

With eye on deficit, Malaysia's Anwar tightens spending, taxes the rich

Summary by Ground News

Malaysia unveils plans to scale back spending this year and tax the wealthy. Prime Minister Anwar Ibrahim focuses on narrowing the budget deficit while supporting a slowing economy. Anwar forecast the deficit to narrow to 5% of gross domestic product this year from 5.6% last year.

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Reuters

With eye on deficit, Malaysia's Anwar tightens spending, taxes the rich

Malaysia on Friday unveiled plans to scale back spending this year and tax the wealthy as Prime Minister Anwar Ibrahim focuses on narrowing the budget deficit while supporting a slowing economy.

1 year ago·United Kingdom

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IBTimes

With Eye On Deficit, Malaysia's Anwar Tightens Spending, Taxes The Rich

Malaysia on Friday unveiled plans to scale back spending this year and tax the wealthy as Prime Minister Anwar Ibrahim focuses on narrowing the budget deficit while supporting a slowing economy.

1 year ago·United States

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Financial Post

With eye on deficit, Malaysia's Anwar tightens spending, taxes the rich

KUALA LUMPUR -- Malaysia on Friday unveiled plans to scale back spending this year and tax the wealthy as Prime Minister Anwar Ibrahim focuses on narrowing the budget deficit while supporting a slowing economy.

1 year ago·Canada

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Inquirer

With an eye on deficit, Malaysia’s Anwar tightens spending, taxes the rich

KUALA LUMPUR – Malaysia on Friday unveiled a scaled-back spending plan for the year despite a sharply slowing economy as Prime Minister Anwar Ibrahim focuses on narrowing the budget deficit. Three months into the job, Anwar is having to balance fiscal prudence with demands to address higher costs of living and a slowdown in Malaysia’s […] The post With an eye on deficit, Malaysia’s Anwar tightens spending, taxes the rich appeared first on Inqui…

1 year ago·Manila, Philippines

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Asia One

With an eye on deficit, Malaysia's Anwar tightens spending, taxes the rich

KUALA LUMPUR – Malaysia on Friday (Feb 24) unveiled plans to scale back spending for the year and tax the wealthy as prime minister Anwar Ibrahim focuses on narrowing the budget deficit while supporting a slowing economy. Three months into the job, Anwar is facing a sharp moderation in Malaysia's export-driven economy, lower revenue and growing calls to address higher...

1 year ago·Singapore

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