Anwar announces substantial Budget 2025 hastening Malaysia to become Asian economic powerhouse

KUALA LUMPUR: Budget 2025 worth RM421 billion, the biggest in history, is strategically aligned with the MADANI Economy framework, focuses on attracting high-quality investments, stimulating business opportunities, undertaking projects for the wellbeing of the rakyat and not impacting their affordability in purchasing essential goods and services.

Announcing the budget in Parliament today, Prime Minister Datuk Seri Anwar Ibrahim said it would create jobs and also tackle financial leakages to enhance public spending efficiency.

The initiatives announced in the budget are designed to accelerate Malaysia’s journey to become an economic powerhouse in Asia, positioning it for sustainable growth and resilience.

“The economic performance exceeded expectations, both in terms of growth, investment and the value of the ringgit: reflecting investor confidence and early success from the MADANI Economy’s reform measures.

“Thus, the 2024 GDP (Gross Domestic Product) is projected to be stronger between 4.8 and 5.3 per cent compared to between 4.0 and 5.0 per cent previously.

“Next year, we are confident that the national economy will grow strongly between 4.5 and 5.5 per cent, supported by the measures and strategies of the third MADANI Budget 2025,“ said Anwar, who is also the Finance Minister.

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