The government is expected to strike a balance between immediate economic concerns and long-term sustainability, including food security. – BernamapicBudget 2024 will prioritise subsidy reforms, food security and green economy initiatives to ease the cost of living and promote sustainability and economic growth, say financial experts.
There will be strategies to improve economic competitiveness, income distribution, fiscal sustainability and environmental responsibility, he added. “How would the rationalisation of prevailing subsidies result in savings which can be channelled back to those who deserve to receive such cash assistance? The Central Database Hub should be able to help the government pay the cash assistance to a targeted group the way I see it,” he toldSimilarly, MIDF Research economist Abdul Mui’zz Morhalim said he anticipates the government will emphasise its commitment to improving its fiscal position by moving towards targeted subsidies.