KUALA LUMPUR: The government is steadfast in its commitment to ensuring that the enactment of Madani economic reforms will have minimal or no consequences on the general public, says Datuk Seri Anwar Ibrahim.
Therefore, the Prime Minister said steps have been taken such as to introduce the Public Service Remuneration System (SSPA) and progressive wage and minimum wage policies, aimed at enhancing people's quality of life and fostering adaptability.
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He warned that without initiatives like targeted subsidies, the nation's economy, fiscal strength, ratings, and investments could be compromised.
"The cost of oil, flour, crude oil are all still relatively low compared to other neighbouring countries," Anwar said during a townhall session at the Madani Government's Two Year Programme (2TM) and the 2024 National Convention on Public Service Reform at the Kuala Lumpur Convention Centre on Saturday (Nov 23).
Also in attendance were Deputy Prime Ministers Datuk Seri Dr Ahmad Zahid Hamidi and Datuk Seri Fadillah Yusof, Cabinet ministers, and Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar.
Anwar voiced hope that all parties were prepared to bolster the country’s economic and fiscal capacity to ensure the success of the Fiscal Responsibility Act.
He acknowledged that subsidy rationalisation was proposed by the previous administration but had not been implemented.
He also described the two-year period as premature to fully assess the effectiveness of the government's attempts to stabilise the economy.
Nevertheless, the Prime Minister expressed optimism that with the cooperation of the entire populace, including the private sector, the government's wage policy could be executed and improve living standards.
"After observing our performance over the past two years, with a team of civil servants, the private sector, and the enthusiasm of young people to be trained; if we persist in enhancing management now, the new Malaysia will be perceived as brave and great," he concluded. – Bernama
