Malaysia plans record budget spending in 2025
Malaysia plans record budget spending in 2025 as reforms boost revenue
Malaysia announced on Friday record budget spending of 421 billion ringgit ($98 billion) for 2025, with the government boosting salaries and retirement funds for civil servants as it pursues further subsidy and tax reforms to bolster revenue.
Malaysia’s record budget aims to expand tax base, reduce subsidies
KUALA LUMPUR] MALAYSIAN Prime Minister Anwar Ibrahim on Friday (Oct 18) announced the country’s largest budget of RM421 billion (S$128.3 billion) for 2025, focusing on boosting economic growth while continuing to cut subsidies to reduce the fiscal deficit.
Budget 2025: Malaysia forecasts record budget spending for 2025, more subsidy reform
Malaysia on Friday unveiled a record budget spending for 2025, focusing on economic restructuring to improve its revenues through subsidy rationalisation and fiscal reforms.
Malaysia to widen tax net, raise minimum wages in 2025 as budget spending hits record
Malaysia will introduce a slew of new taxes, cut subsidies for a widely used fuel, and raise the minimum wage from next year, Prime Minister Anwar Ibrahim said on Friday as he announced a record budget spending plan of 421 billion ringgit ($98 billion).
Govt plans record RM421b spending in Budget 2025, aims to cut deficit to 3.8pc of GDP, reforms to drive revenue growth
Malaysia to spend RM421 billion in 2025, govt reports say Fiscal deficit seen at 3.8 per cent of GDP in 2025 Growth seen at 4.5 per cent-5.5 per cent in 2025 vs 4.8
Petrol subsidy cuts, new taxes and wage increases to be focus of Malaysia’s 2025 Budget: Analysts
Prime Minister Anwar Ibrahim will be unveiling his third budget at a time of a resurgent economy and a strong ringgit.
Malaysia to widen tax net and cut subsidies in 2025 as budget spending hits record
Malaysia will widen the scope of its sales and services tax (SST) and reform the subsidy of a widely used fuel next year, Prime Minister Anwar Ibrahim said on Friday as he announced record budget spending of 421 billion ringgit ($98 billion).
Malaysia’s record 2025 budget to boost economy, welfare, as Anwar leverages political stability
The budget aims to grow Malaysia’s appeal as a destination for hi-tech investments while also uplifting the country’s most vulnerable groups.
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Another record budget for Malaysia to sustain near-term growth with increased consumption
The RM421 billion (S$127.8 billion) budget includes RM12 billion to raise payouts to 2.5 million civil servants and ...