How to make it a real people’s budget

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An economist says the federal budget for 2022 should include higher spending on the people’s welfare.PETALING JAYA: The 2022 federal budget should focus on improving the social safety nets in line with the inclusivity promised by the 12th Malaysia Plan launched recently, says an economist.The budget is due to be tabled in the Dewan Rakyat on Oct 29.Barjoyai Bardai, a professor at Universiti Tun Abdul Razak, said the inclusivity promoted by the 12th Plan should be embraced through greater emphasis on social expenditure in the budget.“Compared to other countries in the region, we spend far less. We spend less than 5% of our GDP on social expenditure, whereas other countries commit closer to 20% on things like safety nets and initiatives to improve the people’s wellbeing,” he told FMT.Barjoyai Bardai.“So, I’d like to see Malaysia inch closer to 10% in the next budget. This is doa…