PUBLISHED : 18 Oct 2024 at 15:57
People walk to their workplace during the morning rush at Kuala Lumpur city centre on Wednesday.
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PUBLISHED : 18 Oct 2024 at 15:57
People walk to their workplace during the morning rush at Kuala Lumpur city centre on Wednesday. (Photo: Reuters)
Malaysian Prime Minister Anwar Ibrahim is counting on more subsidy cuts and accelerating growth to help reduce the fiscal deficit even as he unveils his biggest annual spending plan yet on Friday.
The government will cut back on subsidies and social assistance for a second straight year, by 14.4% to 52.6 billion ringgit ($12.2 billion), according to a…