ECONOMICS

Rethinking Malaysia’s Income Reclassification: Not B40, but B20

Malaysia urgently needs to reassess its classification of income groups to ensure policies are relevant and targeted appropriately. A B20, M60, T20 rather than a B40, M40, T20 classification reflects the population demographic and aspirations more accurately, thereby streamlining welfare expenditures without compromising the wellbeing of the worst-off in Malaysian society…
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