Malaysian Budget to Focus on SME, Cost of Living, Says Ram Rating Services’s Lai

The video discusses the challenges of balancing fiscal prudence with economic growth, especially in a slowing economy. It highlights the government's efforts to support growth while maintaining fiscal consolidation, with a focus on SMEs and cost of living adjustments. The video also reviews budgetary trends, noting a decrease in spending and a low deficit. Future strategies include a targeted fuel subsidy and maintaining a 3% deficit, despite challenges.

What is the main challenge the government faces in balancing fiscal prudence with economic growth?

• Eliminating subsidies for all sectors

• Reducing government spending on infrastructure

• Supporting growth while committing to fiscal consolidation

• Increasing taxes to boost revenue

Which sector is the government focusing on to support growth amid a slowing economy?

• Small and Medium Enterprises (SMEs)

• Large corporations

• Tourism industry

• Agricultural sector

What approach is the government taking to generate revenue without introducing new taxes?

• Introducing a luxury goods tax

• Increasing the scope of the SSD

• Raising income tax rates

• Implementing a new property tax

What is the expected impact of the targeted fuel subsidy scheme starting next year?

• Higher fuel prices for all consumers

• Savings of about 7 billion for productive spending

• Reduction in government savings

• Increase in government deficit

What deficit percentage does the Finance Minister find challenging to maintain?

• 5%

• 4%

• 3%

• 2%