Breaking Down Budget 2025: A Closer Look at Malaysia’s Financial Landscape
Deputy Prime Minister’s Gratitude
Deputy Prime Minister Datuk Seri Fadillah Yusof expresses appreciation for the attention given to Sabah and Sarawak in Budget 2025.
Development Allocations
- Sabah receives RM6.7 billion
- Sarawak receives RM5.9 billion
- Infrastructure in Sabah and Sarawak prioritized to bridge the development gap with Peninsular Malaysia
Prioritizing the Rakyat
- Budget focuses on improving the standard of living
- Aim to increase the country’s revenue
- Upholding the country’s dignity through financial stability
Key Focus Areas
- Protecting the vulnerable
- Improving basic facilities
- Combatting corruption
Ministry Allocations
- Energy Transition and Water Transformation Ministry receives significant funding
- Emphasis on flood mitigation projects
- Aim to reduce flood risks, especially during the monsoon season
In a press conference at Parliament following the tabling of Budget 2025, Deputy Prime Minister Fadillah Yusof highlighted the importance of this budget in addressing the needs of the people and driving economic growth. The allocations for Sabah and Sarawak, along with the focus on vital areas such as infrastructure development, standard of living improvement, and combating corruption, underscore the government’s commitment to ensuring a prosperous future for all Malaysians.
Analysis:
Budget 2025’s emphasis on development allocations for Sabah and Sarawak, as well as key focus areas like protecting the vulnerable and improving basic facilities, reflects a strategic approach to driving economic growth and enhancing the quality of life for citizens. The allocation for flood mitigation projects under the Energy Transition and Water Transformation Ministry demonstrates a proactive stance towards addressing environmental challenges and ensuring sustainable development. Overall, Budget 2025 sets a positive trajectory for Malaysia’s financial landscape, with a strong focus on inclusive growth and long-term prosperity.