Economy Minister Rafizi Ramli attributes the record RM421 billion allocation for Budget 2025 to good governance, fiscal discipline, and rapid economic growth. He emphasizes that while the budget allows for increased spending, it remains within responsible fiscal targets and commitments to reduce national debt.
: The largest allocation in history of RM421 billion for Budget 2025 is the result of good governance, prudent fiscal discipline and the country’s rapid economic growth, said Economy Minister Rafizi Ramli.
“Because from the fiscal point of view, we need to reduce the new annual debt for us to reach around 60 per cent of debt to GDP by 2028,“ he told reporters after officiating at the National Statistics Day celebration and the pre-launch of the Department of Statistics of Malaysia website here today. Also present was chief statistician Datuk Seri Dr Mohd Uzir Mahidin.
“We are on track, without cutting expenditure for the rakyat. You can see that projects will continue to run as usual and civil servants’ salaries will be increased, etc, all of which will not be achieved by going into more debt as before,“ he said.
Budget2025 Economicgrowth Fiscaldiscipline Nationaldebt Madanieconomy
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