Public Finance & Fiscal Reform
Examining government spending efficiency and fiscal sustainability in Malaysia
KRI shares insightful commentaries on current topics to encourage discussion, but these do not represent KRI's official views.
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Dec 19, 2025
Repayable Grants: Models and Options Moving beyond handouts in industrial subsidies
Repayable grants offer a way to share risks between public and private while allowing the state to influence the direction of economic development.
OP-ED
Dec 19, 2025
Repayable Grants: Models and Options Moving beyond handouts in industrial subsidies
Repayable grants offer a way to share risks between public and private while allowing the state to influence the direction of economic development.
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Views
Oct 8, 2025
Prudence or Progress? Rethinking the Budget for Malaysia’s Future
Malaysia’s 2025 Budget highlights a tension between bold ambitions and fiscal restraint. The push to cut the deficit below 3% risks underfunding development, weakening competitiveness, and worsening inequality. A developmental-state approach is urged, prioritising strategic investment, domestic financing, and growth-led fiscal health to break free from the Middle-Income Trap.
OP-ED
Oct 8, 2025
Prudence or Progress? Rethinking the Budget for Malaysia’s Future
Malaysia’s 2025 Budget highlights a tension between bold ambitions and fiscal restraint. The push to cut the deficit below 3% risks underfunding development, weakening competitiveness, and worsening inequality. A developmental-state approach is urged, prioritising strategic investment, domestic financing, and growth-led fiscal health to break free from the Middle-Income Trap.
.avif)
Views
Jul 28, 2025
Fiscal Reforms and the 13th Malaysia Plan
This article examines Malaysia’s fiscal reforms, particularly the 2023 Public Finance and Fiscal Responsibility Act (FRA), and its implications for the 13th Malaysia Plan.
OP-ED
Jul 28, 2025
Fiscal Reforms and the 13th Malaysia Plan
This article examines Malaysia’s fiscal reforms, particularly the 2023 Public Finance and Fiscal Responsibility Act (FRA), and its implications for the 13th Malaysia Plan.
Views
Dec 30, 2024
Public Finance Initiatives: Opportunities and Risks
This article offers an overview of the opportunities PFIs present while weighing against its risks.
OP-ED
Dec 30, 2024
Public Finance Initiatives: Opportunities and Risks
This article offers an overview of the opportunities PFIs present while weighing against its risks.
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Working Papers
Dr Roza Hazli Zakaria
Stephanie Hsu
Tan Hui Hui
Kelvin Ling Shyan Seng
Khairin Ilaina Mohamed Amin
Govind Nirav Rao
C. Hari S. Shankar
Afifah Ahmad
Elisabeth Chan Wen Yi
Nurrdinan Serena Amer Sharaffudin
Nurhanina Zaharin
Dr Amirah 'Aisha Badrul Hisham
Nur Hannani Abd Ghafar
Tehleel Nazir
Yee Suet Ee
Balqis Athirah Azhar
Shukri Mohamed Khairi
Nurul Farhana Abdul Shukor
Aidil Farhan Jasrie Arman Sany
Amirah Syazwani Ahmad Junaidi
Dinie Joshry Shaqeel Prakash
Ts Dr Amirah Aisha Badrul Hisham
Professor Joseph Eugene Stiglitz
K. Kuhaneetha Bai
Nadia Malyanah Azman
Siti Maisarah Zainurin
Ndongo Samba Sylla
Malini Elango
Aqeel Khaldun
Belinda Liew Ai Ching
Muhammad Khairulamri Muhammad
Nicholas Khaw
Nur Zulaikha Atiqah Mohd Zahril
Dr Diana Abdul Wahab
Dr Umawathy Techanamurthy
Bryan Yeoh Quan Jin
Wan Manan Wan Muda
Alyssa Chua Lee-Yen
Goh Ming Jun
Mohan Mahadeva
Yap Chun Hao
Syafa Sakinah Mustaffa
Ammar Hanania Hazli Izma
Dr Yunus Yasin
Dato’ Amirul Feisal Wan Zahir
Professor Emeritus Dr Tham Siew Yean
Datuk Hisham Hamdan
Khazanah Research Institute
Tan Sri Nor Mohamed Yakcop
Tan Mei Yi
Emir Izat Abdul Rashid
Lim Han Hsuen
Ida Madieha Abdul Ghani Azmi
Musaddiq Adam Muhtar
Nur Adilah Hamid
Chakrin Utit
Bach Nguyen Luong
Zainab Ali Ahmad
Kusairi Mohd Noh
Rokiah Alavi
Ibrahim Kabiru Maji
Illisriyani Ismail
Intan Nadia Jalil
Abdulla Ibragimov
Siti Nooraznie Abdul Rahim
Fatimah Mohamed Arshad
Dr Mohd Yusof Saari
Pierre Sauvé
Tan Theng Theng
Charissa Lee Yi Zhen
Yap Gin Bee
Tan Kar Man
Junaidi Mansor
Alia Muhammad Radzi
Yeu-Mynn Yeung
Prof. Wan Abdul Manan Wan Muda
Tan Zhai Gen
Umi Maisarah Kamis
Shukri Mohamed Khairi
Wong Ee Kin
Dr Wan Khatina Wan Nawawi
Maia Hollins-Kirk
Grace Loh Wan Chi
Keelea Shaye Linsuau Soh
Hui San Chiam
Goh Hao Yi
Daniel Filippi
Azlin Natasha Mohd Ghazali
Balqis Athirah Azhar
Dr Sarena Che Omar
Aqeel Khaldun (University of St Andrews)
Aidil Iman Aidid
Nurul Farhana Abdul Shukor
Nur Thuraya Sazali
Yugendran Rajaendran
Putera Daniel Hakeem
Siti Aiysyah Tumin
Laventhen Sivashanmugam
Nithiyananthan Muthusamy
Nazihah Muhamad Noor
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Views
Dec 19, 2025
Repayable Grants: Models and Options Moving beyond handouts in industrial subsidies
OP-ED
Dec 19, 2025
Repayable Grants: Models and Options Moving beyond handouts in industrial subsidies
Economic Growth & Structure
Productivity & Industrial Development
Public Finance & Fiscal Reform
Yin Shao Loong
Dec 19, 2025
Dec 19, 2025
Views
English
Views
Oct 8, 2025
Prudence or Progress? Rethinking the Budget for Malaysia’s Future
OP-ED
Oct 8, 2025
Prudence or Progress? Rethinking the Budget for Malaysia’s Future
Public Finance & Fiscal Reform
Azfar Hanif Azizi
Oct 8, 2025
Oct 8, 2025
Views
English
Views
Jul 28, 2025
Fiscal Reforms and the 13th Malaysia Plan
OP-ED
Jul 28, 2025
Fiscal Reforms and the 13th Malaysia Plan
Public Finance & Fiscal Reform
Financialisation & Indebtedness
Dr Nungsari Ahmad Radhi
Jul 28, 2025
Jul 28, 2025
Views
Views
Dec 30, 2024
Public Finance Initiatives: Opportunities and Risks
OP-ED
Dec 30, 2024
Public Finance Initiatives: Opportunities and Risks
Public Finance & Fiscal Reform
Shereen Hazirah Hishamudin
Dec 30, 2024
Dec 30, 2024
Views
.avif)
Views
Jul 15, 2024
Buy Now, Pay Later: A New Form of Financial Lifeline for Consumers?
OP-ED
Jul 15, 2024
Buy Now, Pay Later: A New Form of Financial Lifeline for Consumers?
Public Finance & Fiscal Reform
Society
Shereen Hazirah Hishamudin
Jul 15, 2024
Jul 15, 2024
Views
Views
Apr 30, 2020
Never Let a Good Crisis Go to Waste—Time to Reimagine Social Protection
OP-ED
Apr 30, 2020
Never Let a Good Crisis Go to Waste—Time to Reimagine Social Protection
Public Finance & Fiscal Reform
International Trade
Nur Thuraya Sazali
Apr 30, 2020
Apr 30, 2020
Views
Views
Mar 27, 2020
Firms: Survival in Times of Crisis
OP-ED
Mar 27, 2020
Firms: Survival in Times of Crisis
Public Finance & Fiscal Reform
International Trade
Nur Thuraya Sazali
Mar 27, 2020
Mar 27, 2020
Views
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