Budget 2025 Highlights

KUALA LUMPUR, Oct 18 (Bernama) -- Following are the highlights of Budget 2025 tabled in Dewan Rakyat today by Prime Minister Datuk Seri Anwar Ibrahim.

The budget allocates a total of RM421 billion, of which RM335 billion is for operating expenditure and RM86 billion for development expenditure, excluding RM2 billion contingency savings.

• Sales tax will not be imposed on basic food items used by the people.
• Government will continue to bear subsidies about RM12 billion, covering 85 per cent of the population.
• Government plans to implement targeted subsidies for RON95 petrol in mid-2025
• RM27 million is allocated to the Malaysia Competition Commission (MyCC) to continue breaking up cartel dominance.
• RM60 million is allocated to the Ministry of Domestic Trade and Cost of Living and the Royal Malaysian Customs Department to combat the leakage of public funds.
• The MADANI Government is honouring the agreement of previous leaders concerning the Malaysia Agreement 1963, with special attention given to Sabah and Sarawak.
• Development allocation for Sabah is RM6.7 billion, Sarawak RM5.9 billion.
• Starting 2025, government to double the Special Grant for Sarawak and Sabah to RM600 million.
• Allocation for MACC increased to RM360 million from RM338 million.
• Allocation for Parliament increased to RM180 million from RM166 million.

-- BERNAMA

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