The definition of the top 15 (T15) income group as outlined under Budget 2025 will not be based solely on household income, says Rafizi Ramli.
The Economy Minister explained that the government was formulating a more even approach balancing various factors, including locality and government obligations.
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The Economy Minister explained that the government was formulating a more even approach balancing various factors, including locality and government obligations.
Read more at https://tinyurl.com/3jbm7w3f
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00YB, on the same subject with you, is there a set definition for T20 or the next one?
00:30At that time, RMK 9, the government made a decision that the economic determination of the household was made in terms of the income of the household.
00:44So that's why we take all the income of the household, we look at its income, where the B40 is high.
00:51So it's not about T15. In anything, in a population, you look at the median, you look at T20, you look at decile, it's the same.
01:06What determines the principle of implementation, for example, when PM refers to T15, the sample population is now being refined to ensure that it is fairer to everyone.
01:27We know that the sample population or the measurement based on the income of the household in general, which the people remember M40, B40, all of this, is actually a lot of decile and it is not fair.
01:45So that's why part of the development of decile and in terms of fairness to fairness, we do want to switch to a concept called clean household spending, which takes into account the basic spending of a household to live a normal life.
02:09T15 refers to the rules that will be announced later. So if you ask me now, how much is T15? I think we have to go through the process and we know we want to make it a lot fairer than before.
02:30So I don't think personally it's going to be a simple household income like now.
02:37Your definition of T15 now, when you say T15, I understand because before this, this statistical line is applied to a simple household income.
02:55Our discussion so far is that we want to move away from that. But the detail of it is now being discussed and when we say T15, it will refer to a new approach that balances, that takes into account locality, that takes into account government responsibility and so on.
03:20It's not like those tweets where they say, if you pay this much, you will get that much. So I think let's go through that process.