Budget 2015 – five things Najib needs to focus on

PRIME Minister and Finance Minister Datuk Seri Najib Tun Razak will be presenting Budget 2015 on Oct 10.

As the year 2015 will coincide with the final year of the Tenth Malaysia Plan (10MP), 2011-15, the budget would serve as a platform for the policymakers to take stock and outline short to medium-term economic initiatives and strategies for a final push of the 10MP and going into the 11th Malaysia Plan (11MP). Besides this, 2015 is also a big focus year, as it marks the implementation of the goods and services tax (GST) on April 1. The Government is expected to set Budget 2015’s deficit target at 3.0% of gross domestic product (GDP) (estimated 3.5% of GDP in 2014).