MIER: Budget 2025 to pave way for 13th Malaysia plan, address cost-of-living challenges

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KUALA LUMPUR: Budget 2025, set to be tabled on Oct 18, marks the final budget under the 12th Malaysia Plan (2021-2025) and is expected to lay the groundwork for the upcoming 13th Malaysia Plan (2026-2030).

Currently, the top 20 per cent of households account for about 53 per cent of RON95 subsidies, rendering the system unsustainable and inequitable.

MIER also pointed out that the New Industrial Master Plan 2030 would be crucial for promoting high-value manufacturing, automation and green technologies.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: RON95 GST Budget 2025 Pre-budget /Business/Business News MIER Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 17:55:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 387 words

Reading Time: 3 minutes read

Sentences: 16 lines

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Copyright Owner: © The Star

News ID: 22977307

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