What’s in Malaysia’s 2025 Budget?

Quick Summary:

The country continues to make attempts to reduce its heavy reliance on petroleum-related revenues.

Planners believe tax revenue will rise by 7.5 percent in 2025, much of it driven by sales, service, and corporate taxes.

The budget was drafted before the U.S.presidential election but it’s been clear for some time that economic nationalism and protectionism are on the rise, largely in response to perceived imbalances in the global economy.

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Article Details

Author / Journalist: James Guild

Category: Economy

Markets: United StatesCanadaChinaIndiaIndonesiaJapanKazakhstanKyrgyzstanMalaysiaOmanPakistanSri LankaTaiwan

Topics: Subsidies 2025 Revenue Economy Budget Global Malaysia’s Year Percent Economic Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 06:06:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 1884 words

Reading Time: 11 minutes read

Sentences: 95 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © The Diplomat

News ID: 23613097

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