(Bloomberg) — Malaysian Prime Minister Anwar Ibrahim is counting on petrol subsidy cuts and accelerating growth to help reduce the fiscal deficit even as he unveils his biggest annual spending plan yet on Friday. 

KUALA LUMPUR (Oct 18): The RM421 billion Budget 2025 estimate is the highest ever announced, comprising allocations of RM335 billion for operating expenses and RM86 billion for development expenditure, excluding contingency reserves of RM2 billion. Prime Minister Datuk Seri Anwar Ibrahim, who is

KUALA LUMPUR: Budget 2025 worth RM421 billion, the biggest in history, is strategically aligned with the MADANI Economy framework, focuses on attracti...

Stay tuned to this page for the latest updates as Prime Minister Anwar tables Malaysia’s Budget 2025.

KUALA LUMPUR (Oct 18): 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

KUALA LUMPUR (Oct 18): Prime Minister Datuk Seri Anwar Ibrahim today tabled the third Madani Budget 2025, highlighting five important aspects related to the people's lives. These five aspects are focused on navigating the Madani Economy; implementing reforms more decisively; eliminating bureaucra

The previous budget allocation was RM393.8 billion.

Stay tuned to this page for the latest updates as Prime Minister Anwar tables Malaysia’s Budget 2025.

KUALA LUMPUR: Budget 2025 worth RM421 billion, the biggest in history, is strategically aligned with the MADANI Economy framework, focuses on attracti...

According to the finance ministry’s outlook for next year, the Malaysian government revenue is projected to grow by 5.5 per cent to RM339.7 billion, spurred by higher direct and indirect tax collections.

The wealthiest 15% of Malaysians currently benefit from 40% of the RM8 billion subsidy.

KUALA LUMPUR (18 Oct): The National Fund-of-Funds (NFOF) established under Khazanah Nasional Bhd will operate in November 2024 with a RM1 billion fund, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the finance minister, said the NFOF will support venture capital fund managers t

Prime Minister Datuk Seri Anwar Ibrahim will table his third federal budget today, focusing on increasing development spending while managing falling revenue and the fiscal deficit. With no plans to reintroduce GST, analysts expect possible subsidy cuts, including adjustments to the RON95 petrol

The government has announced that it will begin the implementation of RON 95 petrol subsidy rationalisation in mid-2025, with a switch to targeted subsidies similar to that carried out for diesel. This was revealed by […]