Budget 2025 to continue with economic reforms without sidelining the people, says Anwar
Budget 2025 will continue to focus on efforts to achieve targets set under the Madani Economy framework, says Datuk Seri Anwar Ibrahim.
The Prime Minister said that a series of changes would also be put in place to help boost the country's economic growth.
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The Prime Minister said that a series of changes would also be put in place to help boost the country's economic growth.
Read more at https://shorturl.at/MM1sw
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00As usual, we provide a space for the organization to give views, suggestions and suggestions
00:16so that we can plan a more thoughtful expenditure on the side to understand the wishes of the
00:25community, the community, the members of the community, including the Aka Rumbi organization.
00:31The third fiscal year 2025 will be as easy as that, but with the aim of increasing,
00:45to carry out continuous innovation in order to achieve the economic goals of the city.
00:54Last year, as I have stated, we have launched a civil economy to enrich the people as the main
01:06foundation, bringing innovation, but of course it also needs to be a policy to correct the
01:20structural problems of the country.
01:22Therefore, a few steps have been taken, such as the Fiscal Responsibility Act,
01:28the move to an additional role for the State Audit Office to monitor the financial risks,
01:38continuous steps to improve management standards.
01:42These are the prerequisites before we can implement them effectively.
01:48And this is what we emphasize about raising the ceiling so that the structure of the
01:56entire economy in promoting growth, meaning creativity, competitiveness, digitalization,
02:04the field of artificial intelligence and also reforms in public services in general.
02:14Because we cannot expect a long-term approach to achieve new approaches or new foundations.
02:26This is what I always say about reaching the sky with all new efforts and initiatives,
02:32but it must be rooted in the earth.
02:34If we remain rooted in the earth, we cannot reach the sky.
02:40If we are detached from traditions and culture, it will cause tension.
02:46Then, besides raising the ceiling, we also need to raise the floor.
02:52This is our main challenge.
02:54If not, we will destroy growth but the people below will be left behind.
03:00I have seen the effects of the worries of the people, especially the villages or the poor
03:06in Bandau and Pedalaman, because they cannot feel the pleasure of the changes that we have witnessed.
03:24So, of course, I would like to start by appreciating the colleagues involved,
03:30including the authorities, so that they can be more effective and effective.
03:38Public officials are more efficient.
03:42We want to implement the salary plan, but we cannot wait to implement it if there are no changes.
03:50Real, clear reforms in terms of ensuring efficiency, avoiding leaks, corruption and corruption.
04:00Although we have made some changes, I think there is still a lot of room for improvement.
04:11So, I admit, Alhamdulillah, the initial achievements are indeed recognized.
04:19S&P Global Ratings and Fish Ratings maintain a stable balance of Malaysia's state credit,
04:28A- and BB+.
04:33KDNK growth in the first quarter of 2024 was 4.2%,
04:42compared to the fourth quarter of 2023, which recorded 3%.
04:48This boosted the confidence in the first quarter.
04:54Third, the recovery of goods exports grew 5.2% in the first quarter of 2024,
05:08up 50.2% compared to an 8.1% recovery for 2023.
05:18Fourth, the FBMK LCI stock index surpassed 1,600 points,
05:26and the value of the domestic equity market has broken the highest in history,
05:33at Rp2 trillion.
05:36Fifth, the highest direct investment achievement in 2023,
05:44domestic and foreign, at Rp3.29.5 billion,
05:54at 23% higher than in 2022.
06:03So, the third fiscal year of 2025,
06:08of course, must remain in line with the main objectives that are to be achieved in the fiscal year.
06:15First, how can we plan further efforts to increase the ceiling,
06:21restructure the economy,
06:25so that we can reach the stage of achieving the main economy in Asia.
06:33Earlier in the morning in the Parliament,
06:36I announced that in addition to continuing with APEC, CTPP,
06:41and FTA, and also EU FTA, which we continue to vote,
06:49we have also agreed to look at the possibility of a BRIC for the Global South,
06:59and on the other hand, we are also considering the possibility of joining OECD.
07:11So, we have BRIC, we have APEC,
07:14and all working together with America and Europe,
07:20we have to enter the BRIC,
07:24because this is the new Global South power,
07:28with 26% of the world market,
07:32and we will also be with Thailand and Indonesia to see the possibilities together in OECD.
07:40This is to open up as much space as possible for entrepreneurs, traders, and investors,
07:47both internally and externally, to benefit from the ease of life.
07:53Then, the implementation of high-value activities,
07:59such as E&E, competition, including industries such as oil,
08:07but also leaping to digital and automation,
08:12then in the field of high growth, including AI.
08:20How should we do it?
08:24This is why we have a dialogue.
08:26If I give all the answers, there is no need to listen to the views of my fellow countrymen.
08:31So, we will listen to the views of my fellow countrymen,
08:34to see how we can work together to improve our efforts.
08:39On the other hand, our concerns about poverty,
08:44poverty as much as possible, we will solve it in 10 countries.
08:50At the end of July, God willing, we will solve it,
08:53with the aim of eliminating poverty.
08:57But relative poverty still exists,
09:00and there may be a few percent of poverty left that must be handled.
09:07Then, the basic feelings,
09:10ensuring the end of education,
09:12the ease of health must be improved.
09:15And the problem that should cause our concerns
09:21is also about concern,
09:25concern about the increase in the cost of living,
09:28which cannot be marginalized.
09:30Relatively, the most important materials in Malaysia are cheaper.
09:36Oil, sugar, flour, what else?
09:42In Malaysia, there is no petrol, diesel or cooking oil,
09:50it is much cheaper than in Malaysia.
09:52But it cannot deny the fact that the cost of living is still pressing as a majority of the population.
10:01So, we must also think of new methods,
10:05such as eliminating cartels or monopolies,
10:09or avoiding poverty,
10:11so that the return will return to the people,
10:16in terms of direct financial grants,
10:19such as STR,
10:21or special assistance for the poorest, such as AISARA,
10:26or establishing, which I give priority,
10:30the field of health and education.
10:34So, that's all my introduction,
10:37and we will continue to listen to the views of the people.
10:43I feel to make it easier,
10:45so that we don't have to follow the protocol of YBH.
10:49All of the YBH members are here,
10:52so we must continue to question.