Pakatan Harapan unveiled its second shadow budget today, highlights of which included cuts to the Prime Minister’s Department, tackling corruption, decreasing reliance on the goods and services tax, and equal opportunities for all Malaysians.

This comes two days before Prime Minister Najib Abdul Razak will table Budget 2017 in Parliament on Friday.

The alternative budget crafted by PKR, DAP and Amanah proposed a RM10 billion cut from the Prime Minister’s Department allocation, from RM20.31 billion in 2016 to RM10.31 billion.

Meanwhile the pact also proposed setting up an Equal Employment Opportunity Act, which would empower a commission to punish discrimination in the workplace based on race, religion, or gender.

Minimum wage would also be increased to RM1,500, a move which may cost up to RM4.98 billion.

The government, Harapan proposed, should split this cost evenly with the private sector, meaning the government would subsidise half of the increments.

They also maintained their proposal to make GST "zero-rate" but added they would consider "returning to pre-GST numbers on consumption tax".

Speaking at a press conference on the sidelines of Parliament today, Kelana Jaya MP Wong Chen said that this was not a return to the sales and services tax, as the GST system would still be used.

He explained after the press conference that the aim was to halve GST collection rates so that people would have more money to spend.

What kind of tax rate will be implemented to achieve this would be up to them, he said.

Meanwhile, the coalition also believed that by spending about RM20 million on anti-corruption measures, public money lost to corruption could be reduced by 30 percent, or about RM6 billion.

Another highlight from the alternative budget is the move to spend 30 percent of the federal development budget on Sabah and Sarawak.

Overall, Harapan's budget will have a revenue of RM204.41 billion compared to RM223.08 billion expected from the federal budget.

It will also spend RM49.11 billion on development compared to an expected RM43.93 billion by BN, while slashing operating expenditure from a forecasted RM262.19 billion by Putrajaya, to RM189.12 billion.

It expects its deficit to be at RM33.82 billion, with the Gross Domestic Product-to-debt ratio at 2.69 percent.