Budget 2025 will raise the ceiling for Malaysia to improve its competitiveness and make the nation more attractive to investors, says Finance Minister II Datuk Seri Amir Hamzah Azizan.
Amir Hamzah said it is an encouraging budget which will help propel the nation forward based on the Madani Economic Framework.
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Amir Hamzah said it is an encouraging budget which will help propel the nation forward based on the Madani Economic Framework.
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NewsTranscript
00:00Alhamdulillah, the Prime Minister has completed the budget table for 2025.
00:09Alhamdulillah, we see that the budget table is very encouraging and will continue to move Malaysia forward
00:20following the steps laid out in the body of the economy.
00:26As we suggested earlier,
00:28the body of the economy is an important factor where we want to raise the ceiling,
00:34where we want to increase Malaysia's competitiveness to attract more investors
00:40and create an economy.
00:42Based on the basics that we put in this year's budget,
00:45there are many initiatives to attract more investors
00:49and also to open up more development engines in the country
00:56with the involvement of government agencies, GLIC,
01:02so that more people can come and help to develop the Malaysian economy.
01:07Alhamdulillah, if we look at it from the point of view of the economy,
01:10we are not only looking at increasing the ceiling,
01:13but we are also looking at how to increase the level of the people,
01:20where the people will benefit.
01:23Although we will also continue the fiscal reform that we have,
01:28this will continue to focus on the basics that we have created
01:34for those who really need help.
01:39At the same time, we also have to think about the future
01:44where we put investment back in the country
01:49in things that will run the economy,
01:53increase the skill level of the country
01:56and also increase the infrastructure
01:59so that the return to the people is even better.
02:04One thing I want to emphasize for today,
02:08Alhamdulillah, if we look at government agencies,
02:12they force the people,
02:15where the support for the people by increasing the STR,
02:20the support for the people to deal with the issue of cost of living,
02:24and also increasing the income of the people is also pressured.
02:28So I think this budget has been summarized even better
02:34where all facades in the economy are given attention
02:38and the people are prioritized.