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More baby steps for Anwar as political hurdles not over yet

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Malaysian PM Anwar Ibrahim produced what analysts have described as “gradual” and “incremental”, expanding on baby steps made at Budget 2024.

Malaysian PM Anwar Ibrahim produced what analysts have described as “gradual” and “incremental” reforms, expanding on baby steps made at Budget 2024.

PHOTO: REUTERS

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- Prime Minister Anwar Ibrahim’s Budget 2025 would have disappointed those seeking deep reforms, with him having just days ago talked up his government’s political will to “take the bull by the horns” and resist playing to the gallery.

Instead of anything revolutionary, Datuk Seri Anwar produced what analysts have described as “gradual” and “incremental”, expanding on

baby steps made at Budget 2024

by slightly widening the scope of consumption and wealth taxes, as well as energy subsidy cuts.

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