Malaysia might have a hung parliament – what is going to that imply for its financial system?

Whatever the end result, fiscal consolidation will stay a precedence, though the trail could possibly be completely different relying on which social gathering or alliance leads the federal government, mentioned Mr Suhaimi.

When it comes to authorities expenditure, “people-oriented” measures will proceed, he mentioned, particularly the money handout programme that has been in existence for the reason that time of the pre-GE14 BN authorities.

“What we anticipate – as per the money handouts – is for different assistances to develop into extra focused reminiscent of subsidy restructuring to a focused mechanism from a blanket system and rationalisation of assorted social security internet and welfare programmes,” Mr Suhaimi added.

“We additionally anticipate the post-GE15 authorities to proceed with the tabling of the Fiscal Duty Act that was talked about within the Finances 2023 speech.”

He mentioned main infrastructure initiatives would proceed, such because the East Coast Rail Hyperlink, Gemas-Johor Bahru (JB) Electrified Double Observe, JB-Singapore Rail Transit Hyperlink, Pan-Borneo Freeway and Sabah-Sarawak Hyperlink Highway and Klang Valley Mass Fast Transit Line 3.

The expectation can be for the next share of federal authorities improvement spending to be allotted to less-developed states for primary infrastructure.

“The brand new federal authorities is anticipated to concentrate on enhancing the standard and supply of important public providers, particularly schooling, coaching and healthcare, in addition to realising larger and high quality funding flows to the less-developed states for a extra inclusive, equitable and balanced socio-economic developments,” mentioned Mr Suhaimi.

With sustainability being the buzzword, any authorities to be shaped after GE15 will little question make it a key coverage agenda – particularly in realising the United Nations’ Sustainable Improvement Targets and delivering Malaysia’s commitments to handle local weather change.

Key areas will embrace renewable vitality, electrical autos, pure disasters affect mitigation, administration of pure sources and guiding and aiding society in addition to enterprises in a transition to sustainability.