Anwar primed to unveil expansionary Malaysia budget to boost economy, attract FDI
However, government faces challenge of balancing any increased spending with need to reduce its fiscal deficit
Add BT as a preferred source
[KUALA LUMPUR] With Malaysian Prime Minister Anwar Ibrahim set to present Budget 2025 in parliament on Oct 18, analysts are expecting him to place a heavy emphasis on economic growth and ways to attract greater foreign direct investment (FDI).
Earlier this week, Anwar, who is also finance minister, said that the Budget – his third since he took office towards the end of 2022 – will strengthen Malaysia’s economic framework and promote equitable distribution.
“With optimism, I anticipate that further enhancements to the economic framework will be unveiled, aiming to facilitate a more equitable distribution of accelerated economic growth among a wider population,” he wrote on X.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
Singapore developer in limbo after Timor-Leste scraps major township project
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
