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