WITH a substantial allocation of RM421bil, Budget 2025 aims to stimulate economic activity while strengthening the resilience of our nation's financial position, targeting a reduction in the nation's fiscal deficit from 4.3% of GDP in 2024 to 3.8% in 2025.
The introduction of 2% tax on dividend income exceeding RM100,000 for individuals and the expansion of SST coverage (in the absence of GST) understandably and progressively expand the tax revenue sources, which can be channelled into developmental areas and help maintain Malaysia's fiscal position.
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