Budget 2025 focuses on boosting economy, mastering innovation, ensuring fair distribution of wealth

The focus would also advocate for the weak and vulnerable, ensuring that no groups are left behind in the pursuit of high-income nation status.

18 Oct 2024 07:42pm
Photo for illustration purpose only - 123RF
Photo for illustration purpose only - 123RF

KUALA LUMPUR - A greater emphasis on efforts aim at boosting the economy, mastering innovation aspects, and ensuring a fairer and more equitable distribution of wealth is at the core of the Madani Budget 2025.

Prime Minister Datuk Seri Anwar Ibrahim, when tabling the national budget amounting to RM421 billion in Parliament today, said the emphasis given to those aspects would indirectly strengthen the nation’s commitment to building and developing a green, digital, and resilient future.

Furthermore, Anwar, who is also Finance Minister, said the focus would also advocate for the weak and vulnerable, ensuring that no groups are left behind in the pursuit of high-income nation status.

"When we (Madani Government) took over the country’s administration, we set a clear direction that past mistakes should neither be defended nor repeated. Therefore, the principle of good governance must continue to take root and be nurtured,” he said.

Budget 2025 is the highest budget in the country’s history and the third budget tabled under the MADANI Government led by Anwar, as well as the last under the 12th Malaysia Plan (2021-2025) before transitioning to the 13th Malaysia Plan for the next five years.

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