THE active involvement of government-linked investment companies through the Government-Linked Enterprises Activation and Reform Programme, coupled with effective policy measures and good governance practices can propel Malaysia towards achieving the Madani Economy aspiration approach.
In Bank Negara’s Economic Outlook 2025 Report, it said that the public sector, encompassing all levels of government as well as government-linked companies serve complementary functions in enhancing efficiency and fostering synergy towards building a competitive nation.
“This collaboration facilitates streamlined services and innovation to support long-term sustainable growth and social development,” it said.
According to the report, the consolidated public sector (CPS), which includes the Federal Government, state governments, local governments and Federal Statutory Bodies and non-financial public corporations (NFPC) can be utilised to facilitate comparative analysis and global benchmarking exercises including assessments by international bodies and credit rating agencies.
“In 2024, CPS is estimated to record a lower current surplus of RM41.7bil compared to RM70.5bil in 2023, due to lower NFPC revenue projection. But it is anticipated that the consolidated development expenditure will rise by 14.2% to RM203bil, indicating higher capital expenditure primarily by the NFPCs,” it said.
The consolidated financial position of the NFPCs is expected to record a lower current surplus of RM24.6bil this year, due to the moderation in revenue collection.
