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020 _a9783110587791
_qprint
020 _a9783110588026
_qEPUB
020 _a9783110591187
_qPDF
024 7 _a10.1515/9783110591187
_2doi
035 _a(DE-B1597)9783110591187
035 _a(DE-B1597)492690
035 _a(OCoLC)1280943103
040 _aDE-B1597
_beng
_cDE-B1597
_erda
072 7 _aBUS112000
_2bisacsh
082 0 4 _a339.5209595
084 _aonline - DeGruyter
100 1 _aOthman, Azura
_eautore
245 1 0 _aTowards a Sustainable Fiscal Position for Malaysia :
_bA Proposal for Reform /
_cAzura Othman.
264 1 _aMünchen ;
_aWien :
_bDe Gruyter Oldenbourg,
_c[2021]
264 4 _c©2021
300 _a1 online resource (IX, 156 p.)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aDe Gruyter Studies in Islamic Economics, Finance and Business ,
_x2567-2533 ;
_v11
505 0 0 _tFrontmatter --
_tPreface --
_tContents --
_t1 Introduction --
_t2 Fiscal Policy and Sustainability --
_t3 Studies on Fiscal Sustainability --
_t4 Data Description and Modelling --
_t5 Empirical Analysis --
_t6 Policy Recommendation --
_tReferences --
_tList of Figures --
_tList of Tables --
_tAppendix A Implementation of GST in Malaysia --
_tAppendix B Sources of Data --
_tAppendix C Derivation of Fiscal Sustainability Index --
_tAppendix D Islamic Worldview of the Economy --
_tAbout the Author --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aThe 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. Invigoratingeconomic 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.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 28. Feb 2023)
650 7 _aBUSINESS & ECONOMICS / Islamic Banking & Finance .
_2bisacsh
653 _aFiscal Sustainability.
653 _aFiscal policy.
653 _aMalaysia.
653 _aTax systems.
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9783110591187
856 4 0 _uhttps://www.degruyter.com/isbn/9783110591187
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9783110591187/original
942 _cEB
999 _c240585
_d240585