Malaysia Budget 2016 Survey Results So Far…
It has been a challenging year for Malaysia, with the overall negative economic sentiment, the rising cost of living and the weakening Ringgit. The anticipation for what Budget 2016 will bring is palpable.
Are we still on track to becoming a high-income nation in 5 years? How about the rakyat’s well-being?
Are we making headways in reducing the country’s fiscal deficit? In what area can we adjust to make up for the loss of revenue due to the sliding oil prices?
Is the implementation of the Goods and Services Tax (GST) able to cover some of the loss? It has been a painful GST experience so far, especially for the lower and middle income group. Many prices were increased, making it incredibly hard to cope financially.
There are lifestyle adjustments we must make to survive, and investment is no longer an option but a compulsory money management practice to protect our money. It is also more important to comb through different banking products properly, such as getting the right credit card that can help us save, or getting a fixed deposit account that will protect our emergency fund from eroding due to the rising inflation.
With all these questions are running through our mind, we want to know what YOU want from Budget 2016. What are your biggest concerns? And what can the Government do to help alleviate some of your burden, be it coping with cost of living, or being able to afford a home of your own?
Some of you have shared your thoughts with us through our Budget 2016 Survey, and here are some of the highlights.
The data here will be updated daily. Come back to find out what Malaysians really want from the Budget 2016.