Budget’s financial initiatives will help M40 stay afloat, say economists

Budget’s financial initiatives will help M40 stay afloat, say economists - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Budget’s financial initiatives will help M40 stay afloat, say economists, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

Cash assistance ensures that affected households have sufficient money for their daily needs.PETALING JAYA: Financial aid for the M40 group under Budget 2022 can help address the middle-income group’s specific needs and support their post-pandemic recovery, economists say.In addition to direct cash transfers of up to RM800 for those in the M40, the government has also introduced tax incentives for mobile devices, mental health services, child day care, electric vehicles and domestic tourism.There are also discounts of up to 15% for National Higher Education Fund Corporation (PTPTN) loans, a waiver of the Real Property Gains Tax for some eligible owners, and the minimum EPF contribution has been maintained at the lowered 9% rate.Acting research director at the Institute for Democracy and Economic Affairs (IDEAS) Wan Ya Shin told FMT that while the bottom 40 (B40) group was the …