As the Minister of Finance prepares to table Budget 2025 this Friday, the nation stands at a critical crossroads. The upcoming fiscal blueprint arrives amid persistent inflation, geopolitical tensions, and shifting trade dynamics, presenting both challenges and opportunities for our economy.
- The Time for GST to Return: Reintroducing GST could simplify Malaysia’s tax system and generate RM20-30 billion annually. Despite political resistance, many believe now is the time to reconsider it for greater revenue stability.
- Investing in the Future of Malaysia: Budget 2025 should focus on healthcare, education, and green technology to drive economic growth. Investments in healthcare and technical education will improve livelihoods and align with future industry needs.
- Malaysia to Capture World’s Attention with ASEAN: As ASEAN chair in 2025, Malaysia has a strategic opportunity to lead regional integration and sustainable development, leveraging its green economy initiatives.
- Support for MSMEs: MSMEs need enhanced support through digitalization, technical assistance, and outcome-based financing. Integrating informal workers into social protection schemes will foster inclusive growth. Healthcare access for workers is also crucial