10-14-2023, 03:23 PM
Progressive wage model a glaring omission in Anwar’s Budget 2024
![[Image: KV_Budget_2024_FA.png]](https://static.imoney.my/articles/wp-content/uploads/2023/10/13192231/KV_Budget_2024_FA.png)
PETALING JAYA: The much-debated progressive wage model (PWM) has somehow slipped through the cracks in Prime Minister cum Finance Minister Anwar Ibrahim’s Budget 2024, economists said.
This glaring omission was highlighted by Monash University Malaysia economics professor Niaz Asadullah and Geoffrey Williams, an economist at the Malaysia University of Science and Technology.
Niaz said he had expected to see some details on the progressive wage system in the speech.
Williams noted that along with the progressive wage, details of the long-term subsidy rationalisation was also missing in Anwar’s budget speech yesterday.
Economy minister Rafizi Ramli recently announced that detailed plans for the implementation of the progressive wage system would be unveiled during the budget speech.
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This glaring omission was highlighted by Monash University Malaysia economics professor Niaz Asadullah and Geoffrey Williams, an economist at the Malaysia University of Science and Technology.
Niaz said he had expected to see some details on the progressive wage system in the speech.
Williams noted that along with the progressive wage, details of the long-term subsidy rationalisation was also missing in Anwar’s budget speech yesterday.
Economy minister Rafizi Ramli recently announced that detailed plans for the implementation of the progressive wage system would be unveiled during the budget speech.
- More -