the sun malaysia ipaper logo 150x150
Tuesday, December 16, 2025
21.9 C
Malaysia
the sun malaysia ipaper logo 150x150

Plugging leaks, not taxing more: Anwar’s formula for 2026

PETALING JAYA: The government is expected to collect RM343.1 billion in revenue next year, an increase from the RM334.1 billion projected for this year.

According to Prime Minister Datuk Seri Anwar Ibrahim, instead of increasing taxes to be imposed to the people, the Madani government chose to improve governance, including subsidy rationalisation, without increasing the burden on the people.

“Through this approach, we have successfully implemented anti-corruption measures, curbed smuggling activities, and dismantled cartel networks.

“Since the introduction of the Madani framework, enforcement agencies such as the Malaysian Anti-Corruption Commission (MACC), Royal Malaysia Police (PDRM), Ministry of Domestic Trade and Cost of Living (KPDN), Royal Malaysian Customs Department (JKDM), and Malaysia Competition Commission (MyCC) have successfully recovered and collected penalties amounting to nearly RM15.5 billion,“ said Anwar during the tabling of 2026 Budget in Parliament, today.

Anwar who is also the Finance Minisrer said that the PDRM had recently dismantled a major organised crime syndicate operating in Penang and Port Klang.

“This is what we mean when we emphasise good governance in administration. Just imagine, in just two years, RM15.5 billion in embezzled and stolen funds has been recovered.

“It cannot be denied that these leakages have been left unaddressed for far too long due to a lack of political will and weak enforcement,“ he added.

This is the first budget under the 13th Malaysia Plan (13MP), forming the primary foundation for implementing the country’s development plans over the next five years.

Related

spot_img

Latest

Zuellig Pharma expands partnership with Lundbeck to support commercialization of neuro-psychiatric health solutions in Asia

SINGAPORE - Media OutReach Newswire - 16 December 2025 -Zuellig Pharma, a leading healthcare solutions company in Asia, today announced that it has expanded its partnership with H. Lundbeck A/S ("Lundbeck"), a biopharmaceutical company focusing exclusively on brain health.

Most Viewed

Chris Colahan to Join Chubb as Head of Commercial Property & Casualty, Asia Pacific

SINGAPORE - Media OutReach Newswire - 15 December 2025 - Chubb announced today the appointment of Chris Colahan as Head of Commercial Property & Casualty, Asia Pacific, effective 9 February 2026.

VinFast officially inaugurates electric vehicle plant in Subang, Indonesia

SUBANG, INDONESIA - Media OutReach Newswire - 15 December 2025 - VinFast officially inaugurated its electric vehicle facility in Subang, West Java, marking a defining milestone in the Company's strategy to expand its global production network and deepen its long-term commitment to Indonesia.
spot_img

Popular Categories