The prime minister will have to convince political and business elites to come together for crucial but painful reforms.
Prime Minister Anwar Ibrahim needs to convince the country’s power brokers to agree on a reform agenda, but will he have the political will to do this?
Niaz said deep structural reforms – be it fixing the public education system or downsizing the bureaucracy – stall because either the potential losers hold too much power or because the state cannnot fiscally compensate them for the short-term losses. Khairy agreed with the view that the series of structural reforms the country needs was painful and could make the government of the day lose the support of the people.
“After they are given a fresh mandate of a few years, they will be less concerned about issues of popularity and political survival – that’s when austerity measures can come,” he said. On the issue of GST, Voon opined that former prime minister Najib Razak’s move to implement the GST was the right decision, although it was highly unpopular, as it was necessary for the country’s fiscal position.
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