Budget 2024 to focus on empowering M40 group, says Sim


Photo: Bernama

IPOH: Empowering the M40 group will be among the focuses in Budget 2024, says Steven Sim (pic).

The Deputy Finance Minister II said the middle-class needed assistance and to be empowered as they also contribute to the country's economy.

"Due to the Covid-19 pandemic, 20% of the M40 fell into the B40 category.

"They are the economy generators and workforce, and they are the ones who will spend in the local economy," he told a press conference after attending the Budget 2024 Roadshow at the state secretariat building here on Monday (Sept 18).

"We want to empower them," he added.

Sim said the other focuses of the budget included the small medium enterprises (SMEs).

"The SMEs make up about 98% of the country's economy.

"We want to help our entrepreneurs restructure and add value to their industry, and we want to see high-tech and high value industries to be brought in.

"We do not want the businesses to just prosper, but also to be healthy, strong and smart, so that they can compete regionally and globally, not just in the country,” he said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Budget 2024 , Steven Sim , Ipoh , M40 , SME , empower

   

Next In Nation

Tenggara Bersatu division chief, committee members exit party
Tragic end for woman during Deepavali picnic at Sungai Sedim
Ukraine sees Malaysia as Asean gateway for UAV partnerships
Eight missing after fishing trip found safe in Sarawak, says cop
Customs Department denies that DG Anis Rizana misused allocation for vacation
Malaysian Media Council needs to be established immediately
Eighteen-year-old dies after electrocution on express bus in Butterworth
Lowest starting salary on SPA website to be updated in December
Stricter laws to tackle cyberbullying be tabled at the coming Parliament sitting
Child advocacy programme to fight sexual abuse will continue, says Nancy

Others Also Read