Focus is on raising government coffers

A wider net: E-invoicing will help plug tax leakages involving tax dodgers as essentially all transactions will go through the IRB’s portal.

BUDGET 2024 is an expansionary one at RM393.8bil – the largest so far. Being the second Madani budget, it is essentially phase two of the overall Madani policy framework.

Under phase one – Budget 2023 – the focus was on alleviating poverty, managing the rising costs of living, putting more disposal income in the hands of the rakyat by reducing taxes, and pump priming the economy to aid its recovery.