The 2025 National Budget proposes an asset tax on banks and insurance companies, aimed at making large financial institutions contribute more to the economy. While it promises steady government revenue and a sense of fairness, there are concerns about how the cost could be passed to customers through higher fees, interest rates, and insurance premiums. Small businesses and ordinary citizens could face added financial pressure, and maintaining investor confidence will be crucial. Transparency, consultation, and careful design will determine whether the policy strengthens the economy or places unnecessary strain on those who rely on the banking system.
