Budget 2025: Ensuring sustained growth

Quick Summary:

MALAYSIA’s financial strategy is carefully balanced, ensuring sustained growth without compromising on fiscal discipline through targeted economic reforms.

The fiscal deficit is targeted to reduce further to 3.8% of GDP in 2025 and consequently, the primary balance is forecast to record a lower deficit of 1.2% of GDP.

The federal government’s revenue collection in 2024 is expected to be at RM322.1bil or 16.5% of gross domestic product (GDP), up from its initial estimate of RM307.6bil.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Development expenditure GDP DE /Business/Business News OE Madani Economic Framework Budget 2025 Tax Pperating expenditure

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 16:05:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23116620

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 45 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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