PUTRAJAYA, Oct 20 (Bernama) -- The Basic Expenditure of Decent Living (PAKW) should be utilised as an important reference in assessing the adequacy of household income and designing more targeted economic interventions, particularly to address differences in the cost of living according to location and family composition.
Business : PAKW Should Be Used As Vital Reference For Value Of Household Income Adequacy -- Akmal Nasrullah
Economy Ministry, statistics, DOSM, Akmal Nasrulla
BE Bernama 
Key takeaways
PAKW should be used to assess household income adequacy and design targeted economic interventions, considering location and family size.
- PAKW estimates expenses for a decent living standard based on location and household composition.
- PAKW is not a minimum wage but helps evaluate income gaps and cost of living differences.
- Combined with salary data, PAKW aids in formulating accurate income policies and labor reforms.
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- Bernama Business : PAKW Should Be Used As Vital Reference For Value Of Household Income Adequacy -- Akmal Nasrullah (this story)
