Tax cuts will boost economy, provide multiplier impact: Tengku Zafrul

KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz acknowledged that the tax cuts announced in Budget 2023 would impact the government’s revenue but believes that it would give a positive multiplier effect on the country’s economy.

"There will be some impact (to the revenue) but the amount of money that is being fed to the economy is expected to a give multiplier impact especially the tax cut on the middle-income group (M40),” he said.