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Hurdles ahead for Malaysia’s new PM Anwar as he builds new Cabinet
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Malaysian PM Anwar Ibrahim vowed that the immediate priority of the new administration will be to tackle higher cost of living.
PHOTO: REUTERS
KUALA LUMPUR - Heading a unity government with multiple political parties, Malaysia’s newly minted prime minister Anwar Ibrahim faces the acid test of introducing long overdue fiscal and subsidy reforms amid high inflationary pressures.
With the federal government’s whopping debt of RM1.04 trillion (S$320 billion), the arduous task for Datuk Seri Anwar, touted to be a reformist leader, would be to introduce fiscal reforms to broaden its revenue base, cut government spending while easing the rising cost of living that Malaysians are grappling with, said economists.
