Highlights From Budget 2025
KUALA LUMPUR, Oct 18 (Bernama) -- Below are the highlights from Budget 2025 tabled by Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim.
| LATEST NEWS | SME Bank facilitated about RM3.6 bln in approved financing for FY2024 | Malaysia's construction work done value reached RM158.8 bln last year, registering a double-digit growth of 20.2 pct -- DOSM | Crude palm oil production for January 2025 slid by 16.8 pct to 1.24 mln tonnes from 1.49 mln tonnes in December 2024 -- MPOB | Malaysia’s palm oil exports in January 2025 slip 12.94 pct to 1.17 mln tonnes from 1.34 mln tonnes in December 2024 - MPOB | Malaysia’s unemployment rate in December 2024 hits a 116-month low at 3.1 per cent - DoSM | |
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Petroleum-related Revenue Set to Drop Further to RM62 Bln In 2025 -- MoF Report
KUALA LUMPUR, Oct 18 (Bernama) -- Petroleum-related revenue is expected to register a lower collection of RM62 billion, accounting for 18.3 per cent of the federal government's total revenue in 2025.
Federal Govt Revenue to Grow 5.5 pct To RM339.7 Bln In 2025 -- MoF Report
KUALA LUMPUR, Oct 18 (Bernama) -- The federal government revenue is estimated to grow 5.5 per cent to RM339.7 billion next year from the RM322.1 billion expected in 2024, in tandem with a better economic outlook next year, said the Finance Ministry (MoF).
Anwar Unveils Substantial Budget 2025, Catalyzing Economy, Hastening Reforms
KUALA LUMPUR, Oct 18 (Bernama) -- Budget 2025 worth RM421 billion, the biggest in history, is strategically aligned with the MADANI Economy framework, focuses on attracting high-quality investments, stimulating business opportunities, undertaking projects for the wellbeing of the rakyat and not impacting their affordability in purchasing essential goods and services.
Govt Gross Borrowing Seen Lower At 10 Pct Of GDP In 2025
KUALA LUMPUR, Oct 18 (Bernama) – The Federal Government's gross borrowings are expected to consolidate further post-pandemic, reducing to 10 per cent of gross domestic product (GDP) next year from 13.6 per cent in 2021.
Govt To Review Subsidy Policies For Economic Strength, Fiscal Sustainability – MoF
KUALA LUMPUR, Oct 18 (Bernama) -- The government will continue to review and determine appropriate policy changes for subsidy retargeting as part of its ongoing efforts to strengthen the national economy and ensure sustainable fiscal management.
Govt Committed To Implement Global Minimum Tax In 2025 - MOF
KUALA LUMPUR, Oct 18 (Bernama) -- The government is committed to implementing the Global Minimum Tax (GMT) in 2025, according to the Ministry of Finance (MOF).
Budget 2025 Allocates RM421 Bln, 3.3 Pct increase From Last Year's Allocation
KUALA LUMPUR, Oct 18 (Bernama) – The government has allocated RM421 billion, or 20.2 per cent of the gross domestic product (GDP), for Budget 2025, a 3.3 per cent rise from RM407.5 billion in the revised Budget 2024.
Budget 2025 To Help Those Caught In Relentless Struggle Against Rising Cost Of Living
KUALA LUMPUR, Oct 17 (Bernama) – Budget 2025 will be a delicate balance between maintaining economic growth and ensuring that the welfare of the most vulnerable segments of society comprising low-income earners, single mothers and people with disabilities are looked after against a backdrop of rising prices.
Federal Govt's Debt Growth Expected To Decrease To 7.5 Pct At End-2024
KUALA LUMPUR, Oct 16 (Bernama) -- The federal government’s debt growth trend is expected to continue to decrease, ending 2024 at around 7.5 per cent compared to 8.6 per cent in 2023 and 10.2 per cent in 2022, according to the Ministry of Finance (MoF).
Avaland Celebrates Avenue25, Redefines Sustainable Living
KUALA LUMPUR, Oct 14 (Bernama) -- Property developer Avaland Bhd aims to set a new benchmark with the Avenue25 project in Subang Jaya, with all phases targeted to achieve GreenRE Gold certification.
Budget 2025 Set To Expand Tax Base With Expected Sugar Tax, HVGT, GloBE -- Economist
KUALA LUMPUR, Oct 14 (Bernama) -- The government is expected to unveil new tax measures in the upcoming Budget 2025, set to be tabled this Friday, as the tax base has shown limited growth since the Goods and Services Tax (GST) was abolished in 2018.