Budget 2023 Malaysia

OCTOBER 6 — Institut Masa Depan Malaysia (Masa) would like to urge the Government to take into account developing a high-value economy to solve racial ...

Follow-up arrangements on the execution of TPB2030 must be made known to the public to ensure transparency and inclusivity. On a micro-level, the Government should prioritise the basic capital required by entrepreneurs to elevate their small and medium-sized enterprises (SMEs) in less developed states. States with high Bumiputera population (Sabah, Sarawak, Kelantan and Kedah) recorded the highest incidences of poverty due to inequality and unbalanced development in terms of wealth, income, education and infrastructure. Bumiputeras with post-secondary education make up the largest proportion of the unemployed compared to other ethnic groups. Programmes aimed at allocating socioeconomic opportunity and facilitating upward mobility for the Bumiputeras have been outlined since the launch of the New Economic Policy (NEP) in 1971. The Department of Statistics’ 2020 data reported that the B40 household saw a larger percentage decrease in income distribution to 15.9 per cent.