Market-neutral budget focusing on fundamentals

Quick Summary:

PETALING JAYA: The upcoming Budget 2025, the last annual federal budget under the 12th Malaysia Plan (12MP), is expected to focus on enhancing the economic fundamentals of the country by being pro-growth and friendly to foreign direct investment.

As part of the government’s promise to strengthen governance and public delivery while at the same time lower operating expenditure, the push for a proper monitoring framework and intention to leverage private sector involvement in public projects would be expected to continue.

The expansionary budget, while ensuring a narrower fiscal deficit of 3.8% versus the estimated 4.3% in 2024, would be due to targeted cash aid, salary increases for civil servants, increased special grants for Sabah and Sarawak and potentially higher supply and service expenses.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Spending Budget 2025 /Business/Business News Economy Parliament Infrastructure UOB Kay Hian

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 00:00:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 13 lines

Sentence Length: 44 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 22941893

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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: 34 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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