Pension reform is ‘on the table’ for Friday’s budget as Anwar seeks to boost a sagging economy, but new taxes are not likely, analysts say
At the same time, youth unemployment remains stubbornly high, with 10 per cent of Malaysians aged between 15 and 24 struggling for work.
With a rapidly ageing nation and fewer young workers replacing them, experts warn of a lower tax base, depleted retirement funds and a future where young people are unable to pay for their own retirement.
On Friday, Anwar will lay out his budget for 2026 in parliament, aiming to placate voters squeezed by rising living costs and fearing for their futures as the value of pensions shrinks and global economic forecasts dim.
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