Budget 2025 Set To See Substantial Increase In Allocations On Solid Economic Growth – Economist
PUTRAJAYA, Budget 2025 is set to see a substantial increase in allocations, driven by Malaysia’s solid economic growth and rising government revenues, according to the deputy president of the Malaysian Economic Association, Professor Dr Yeah Kim Leng. He said that with every one per cent rise in the gross domestic product (GDP), the government’s revenue would increase by 0.94 points, allowing for greater investments in key sectors such as education, healthcare, and social welfare, particularly for the low-income and disadvantaged groups. ‘Malaysia’s GDP growth for 2024 is expected to be around four to five per cent, maintaining this growth rate