Malaysia plans record budget spending in 2025
Malaysia to widen tax net, raise minimum wages in 2025 as budget spending hits record
Malaysia will introduce a slew of new taxes, cut subsidies for a widely used fuel, and raise the minimum wage from next year, Prime Minister Anwar Ibrahim said on Friday as he announced a record budget spending plan of 421 billion ringgit ($98 billion).
Petrol subsidy cuts for top 15% of income earners, increased minimum wage as Malaysia unveils record US$97.8 billion Budget
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.
Budget 2025: Malaysia forecasts record budget spending for 2025, more subsidy reform
Malaysia on Friday unveiled a record budget spending for 2025, focusing on economic restructuring to improve its revenues through subsidy rationalisation and fiscal reforms.
Malaysia plans record budget spending in 2025 as reforms boost revenue
Malaysia announced on Friday record budget spending of 421 billion ringgit ($98 billion) for 2025, with the government boosting salaries and retirement funds for civil servants as it pursues further subsidy and tax reforms to bolster revenue.
Malaysia’s record 2025 budget to boost economy, welfare, as Anwar leverages political stability
The budget aims to grow Malaysia’s appeal as a destination for hi-tech investments while also uplifting the country’s most vulnerable groups.
Malay Mail on MSN27m
Trade groups say Budget 2025 will set strong foundation for sustainable economic growth
Budget 2025 will help Malaysia achieve sustainable economic growth and address key challenges, National Chamber of Commerce ...
Malaysia’s 2025 Spending Plan Poised to Draw Foreign Interest
Malaysia’s record spending plan is set to drive further foreign interest in its assets as the government continues to build ...
Budget 2024: A Focus on support and rationalisation
Malaysia’s Budget 2024 has drawn significant attention for its bold approach to fostering economic resilience, supporting ...
Another record budget for Malaysia to sustain near-term growth with increased consumption
The RM421 billion (S$127.8 billion) budget includes RM12 billion to raise payouts to 2.5 million civil servants and ...
Malaysia eyes more subsidy cuts, new taxes in 2025 budget to boost finances
Malaysia will likely introduce further subsidy cuts and new taxes as part of its budget for next year, analysts and ...
malaymail2d
Govt plans record RM421b spending in Budget 2025, aims to cut deficit to 3.8pc of GDP, reforms to drive revenue growth
Malaysia to spend RM421 billion in 2025, govt reports say Fiscal deficit seen at 3.8 per cent of GDP in 2025 Growth seen at 4 ...
Malaysia to revamp gasoline subsidies and raise taxes in a bid to narrow deficit
Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive ...
Malaysia to widen tax net and cut subsidies in 2025 as budget spending hits record
Malaysia will widen the scope of its sales and services tax (SST) and reform the subsidy of a widely used fuel next year, ...
malaymail on MSN1h
Rafizi: ‘Once-in-generation’ RON95 subsidy reform painful but needed for Malaysia’s fiscal health
The Malaysian government’s plan to roll back petrol subsidies in mid-2025 is critical for the country’s fiscal reform but is ...