Sustainable Fiscal Position For Malaysia

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Towards A Sustainable Fiscal Position For Malaysia

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Author : Azura Othman
language : en
Publisher: Walter de Gruyter GmbH & Co KG
Release Date : 2021-10-25

Towards A Sustainable Fiscal Position For Malaysia written by Azura Othman and has been published by Walter de Gruyter GmbH & Co KG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-25 with Business & Economics categories.

The financial crisis of the last decade has brought to the fore many discourses on the stability of the financial system under the current interest rate regime and whether issuing more debts, that create further divergence between the financial and real sector of the economy, is a sustainable solution to the ensuing debt crisis that followed. Invigorating economic development may need more than just achieving mere growth in GDP numbers and other mainstream macroeconomic key performance indices. Social equity, environmental conservation, inclusive development, and equitable income distribution are concepts that are increasingly given more weight in the measurement of economic development. The onset of the pandemic of the current decade has further emphasized the importance of these considerations as well as the concept of sharing of risks and return. This book analyses the past and current fiscal situation in Malaysia and identifies areas of improvements in the current tax system and public sector financing in generating the required revenue and financing government expenditure. The alternative fiscal framework proposed in this book covers a tax structure that features a simple and fairer tax system that is based on the ability to pay and public financing which is free of interest and provides opportunity for broader participation of the public. As Malaysia has a comprehensive framework as well as firm regulatory and government support for Islamic finance, the fiscal reform builds on an important feature of risk sharing Islamic finance that brings the real and financial sectors of the economy close together. The fiscal policy reform recommended in this book seeks to address the public debt burden, expand fiscal space, increase financial inclusion, reduce income and wealth disparities, increase employment and income for the growing population and ultimately improve social solidarity especially for a pluralistic country such as Malaysia.

Sustainable Fiscal Position For Malaysia

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Author : Azura Othman
language : en
Publisher:
Release Date : 2019

Sustainable Fiscal Position For Malaysia written by Azura Othman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.

Fiscal Sustainability And Competitiveness In Europe And Asia

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Author : R. Rajan
language : en
Publisher: Springer
Release Date : 2014-07-25

Fiscal Sustainability And Competitiveness In Europe And Asia written by R. Rajan and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-25 with Business & Economics categories.

This book examines key issues and policy concerns relating to fiscal sustainability and competitiveness in European and Asian economies. In addition to estimating the extent of fiscal capacity or lack thereof for these economies, the authors supplement the empirical analysis with country case studies.

Fiscal Sustainability In Malaysia

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Author : Hon Chung Hui
language : en
Publisher:
Release Date : 2017

Fiscal Sustainability In Malaysia written by Hon Chung Hui and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.

In this paper, I deploy a broad array of econometric tests to thoroughly examine fiscal sustainability in Malaysia. Results of the multicointegration test suggest the absence of cointegration between the cumulated cointegration errors, real government expenditure and real government revenue. Meanwhile, standard cointegration analyses indicate that the fiscal process fulfills only the weak-form sustainability. Most importantly, results from a fiscal sustainability model which incorporates revenues from oil and gas exports, do not strongly support the view that fiscal process is sustainable. Some policy-implications follow from these findings.

Towards A Sustainable Fiscal Position For Malaysia

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Author : Azura Othman
language : en
Publisher: Walter de Gruyter GmbH & Co KG
Release Date : 2021-10-25

Towards A Sustainable Fiscal Position For Malaysia written by Azura Othman and has been published by Walter de Gruyter GmbH & Co KG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-25 with Business & Economics categories.

The Growth And Stabilization Properties Of Fiscal Policy In Malaysia

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Author : Mr.Sohrab Rafiq
language : en
Publisher: International Monetary Fund
Release Date : 2013-06-19

The Growth And Stabilization Properties Of Fiscal Policy In Malaysia written by Mr.Sohrab Rafiq and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-19 with Business & Economics categories.

This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal policy alters across macroeconomic states. The estimates show that since the Asian financial crisis the medium- and long-run effect of fiscal policy spending has declined. Some of this is down to greater credit availability and less investment spending.

Fiscal Policy And Inequality In Malaysia

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Author : Chong Hui Wee
language : en
Publisher:
Release Date : 2006

Fiscal Policy And Inequality In Malaysia written by Chong Hui Wee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Equality categories.

Macroeconomic Policy And Islamic Finance In Malaysia

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Author : Azura Othman
language : en
Publisher: Springer
Release Date : 2017-10-10

Macroeconomic Policy And Islamic Finance In Malaysia written by Azura Othman and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-10 with Business & Economics categories.

This book offers an alternative framework for macroeconomic policy in Malaysia, derived from the universal principles of social justice espoused in the objectives of the Shariah. It attempts to holistically analyze issues related to public finance, which has been criticized for lack of transparency and justice in wealth distribution. This book explores these criticisms and discusses the principles of Islamic finance that may be applied to macroeconomic policymaking to create a better economy overall. It presents a case for a flat tax system, to make the economy more resilient to shocks, and financing methods that limit interest-rate-based debt contracts and allow greater risk sharing among the market participants on a broad scale. Using both qualitative and quantitative methods, this book models the Malaysian economy based on policies that apply the fundamental Islamic finance principle of risk sharing to demonstrate its benefits in spurring growth, promoting distributive justice, rendering the economy more stable, strengthening the potency of monetary policy, enhancing fiscal governance, and improving financial inclusion. The book will be of interest to students, policymakers, financial institutions, researchers, ministries of finance, central banks, securities commissions, and anyone interested in alternative economic paradigms.

Fiscal Sustainability Of Health Systems Bridging Health And Finance Perspectives

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2015-09-24

Fiscal Sustainability Of Health Systems Bridging Health And Finance Perspectives written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-24 with categories.

The health systems we enjoy today, and expected medical advances in the future, will be difficult to finance from public resources without major reforms. Public health spending in OECD countries has grown rapidly over most of the last half century. These spending increases have contributed to ...

Green Fiscal Reform For A Sustainable Future

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Author : Natalie P. Stoianoff
language : en
Publisher:
Release Date : 2016

Green Fiscal Reform For A Sustainable Future written by Natalie P. Stoianoff and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Environmental impact charges categories.

This timely book focuses on achieving a sustainable future through the reform of green fiscal policy. Green fiscal policies help not only provide the needed financing but may also serve the Sustainable Development Goals adopted by the United Nations in 2015. In this volume environmental tax experts review the development of fiscal carbon policy, consider the impact of green taxation on trade and competition, analyze the lessons learned from national experiences with fuel and energy pricing, and evaluate a variety of green economic instruments. A comprehensive range of green economic instruments is evaluated, covering emissions trading schemes, energy tax systems, global natural resource consumption taxes and fiscal intervention. The contributions from leading environmental taxation scholars consider thought-provoking innovations in policy and law to deal with climate change and explore a range of fiscal strategies designed to mitigate the negative and maximise the positive effects of a carbon economy. This is a vital reference work for students and academics in environmental law, economics and sustainability, and will serve as an excellent guide for policy makers and those involved in fiscal reform. Contributors include: C. Brandimarte, J. Bruha, H. Bruhová-Foltýnová, L. del Federico, A. Gerbeti, S. Giorgi, E. Guglyuvatyy, S.-A. Joseph, C. Kettner, D. Kletzan-Slamanig, D. Leary, Y. Motoki, A. Naito, P. Pearce, V. Písa, N.P. Stoianoff, S.L. Tan, X. Wang, S. Wright, J. Wu, Z. Yang