MIER said the budget aims to balance economic growth with targeted measures to support households, businesses, and key economic sectors, while maintaining fiscal discipline.
KUALA LUMPUR: Budget 2025, set to be tabled on Oct 18, marks the final budget under the 12th Malaysia Plan (2021-2025) and is expected to lay the groundwork for the upcoming 13th Malaysia Plan (13MP: 2026-2030).
The Malaysian Institute of Economic Research (MIER) said the budget aims to balance economic growth with targeted measures to support households, businesses, and key economic sectors, while maintaining fiscal discipline.
The budget is also expected to address pressing challenges such as cost-of-living pressures, wage stagnation and the green transition, MIER noted in a report.
In its pre-Budget 2025 takeaway, MIER highlighted that the government is likely to relax its blanket RON95 fuel subsidy to mitigate inflationary pressures and tackle rising living costs, aiming to keep inflation within the 2% to 3% range. — Bernama
