Live updates: Malaysia Budget 2025
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- The country’s total debt last year stood at RM1.2 trillion or more than 64 percent of the GDP. Including liabilities, the debt level has reached RM1.5 trillion ringgit or 80 percent of GDP
4.20pm: In his speech, Anwar, which also touched upon the domestic economy, Anwar mentions that in August 2024, the inflation rate was only 1.9%, among the lowest in the region.
As of the same month, the unemployment rate also went down to 3.2%, the lowest since January 2020.
Government revenues for 2024 are expected to increase from RM329.5 billion this year.
4.15pm: In the opening to his Budget speech, Anwar announced a RM5.5 million allocation for upgrade and repair works of the iconic Siti Khadijah market in Kota Bharu, Kelantan.
4.06pm: Anwar Ibrahim has begun tabling Budget 2025 in the Dewan Rakyat.
3.40pm: Anwar arrives at the Parliament building
3.15pm: Anwar Ibrahim dressed in a white-coloured Baju Melayu prepares to leave the Finance Ministry for Parliament, where he will be tabling the Malaysia Madani 2025 Budget at 4pm.
2.45pm: Prime Minister Datuk Seri Anwar Ibrahim has arrived at the Finance Ministry (MOF) headquarters ahead of tabling of the Budget 2025 at Dewan Rakyat this afternoon.
Prime Minister Datuk Seri Anwar Ibrahim will table Budget 2025 in Parliament at 4pm.
Themed ‘Ekonomi MADANI, Negara Makmur, Rakyat Sejahtera’, this will be the third budget under the MADANI government led by Anwar and the last under the 12th Malaysia Plan (2021-2025) before transitioning to the 13th Malaysia Plan for the next five years.
The Finance Minister had previously said Budget 2025 aims to improve the living standards of the people and advance the nation’s development.
Stay tuned to this live report and our social media channels - X, Instagram, Telegram as we bring all the relevant developments and updates on the Budget 2025.
Meanwhile, here is what can you expect from Budget 2025:
Anwar: Budget 2025 to address inflation, boost wages: The MADANI government will address the issue of inflation in Budget 2025. Read more here.
Budget 2025 - Educators call for quality infrastructure, support: The enhancement of digital education through the Ministry of Education’s Digital Education Policy is a major expectation for educators in Budget 2025. Read more here.
Budget 2025: MOSTI proposes more R&D allocation: The Ministry of Science, Technology and Innovation (MOSTI) is proposing an increase in allocation for research and development (R&D) under Budget 2025, said its minister Chang Lih Kang. Read more here.
