KUALA LUMPUR, June 8 — The categorisation of Malaysians into bottom, middle and high-income earners — the B40, M40, T20 — have again come into the spotlight as Putrajaya...
KUALA LUMPUR, June 8 — The categorisation of Malaysians into bottom, middle and high-income earners — the B40, M40, T20 — have again come into the spotlight as Putrajaya announced it would abolish several subsidies for the top earning group.said Putrajaya’s recent announcement to move to “household net disposable income” instead as a metric to classify Malaysians’ income could make subsidies more effective in assisting those facing financial difficulties.
“Hopefully, it would also include other parameters affecting household welfare, such as health and educational requirements,” she toldMalaysia currently divides households according to their household income — to the bottom 40 per cent, middle 40 per cent, and top 20 per cent — with financial aid and policies tailored to these.
“Despite the fact that the first household may require social assistance, it would not qualify for assistance demarcated for B40 households,” she said. The HIS is carried out by the Department of Statistics Malaysia twice every five years. The most recent one was released in 2019. “Disposable income is income after subtracting something. What is that something? Expenditures for what items? If food, what sort of food is included/excluded? Et cetera et cetera.
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