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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

Tan Ai Leng
Published Sat, Oct 12, 2024 · 05:00 AM
    • Malaysia’s Prime Minister Anwar Ibrahim (centre) will present Budget 2025 on Oct 18.
    • Malaysia’s Prime Minister Anwar Ibrahim (centre) will present Budget 2025 on Oct 18. PHOTO: PRIME MINISTER'S OFFICE OF MALAYSIA

    [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.

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