00:01Following the 2025 spending, the government is expected to continue its strategy by investing in a sector that is capable of transforming the country's economy.
00:11Economists believe that it can be achieved through a doubling of government spending aimed at the strategic sector,
00:20which ultimately breaks the chain of economic activity that exceeds original spending.
00:26Baid Al-Amanah Research Director, Benedit Wirasina said,
00:31government spending through state spending has a double-edged sword against the economy.
00:39Under the 2024 spending, RM27 billion was allocated for infrastructure projects
00:46and RM24.7 billion for housing projects,
00:50up to RM20 billion through loan guarantees for PKS to support small businesses.
00:58He said that Malaysia's micro, small and medium enterprises account for 97.4% of business
01:07and 48% of employment, but only contribute 38% to KDNK.
01:15Economist Niaz Asadullah also agreed that the 2024 spending will lay a solid foundation
01:23to achieve a doubling effect in the main sector.
01:28Giving an example of the plan HALA-7 for national energy transition,
01:31Niaz said it is expected to accelerate the transition towards a green economy by driving private sector investment.
01:40He said that the MADANI plan emphasizes re-structuring to increase the competitiveness of the country
01:46and boost equal distribution of wealth by increasing economic activity,
01:52including digital innovation, automation and artificial intelligence.
01:57For the 2025 spending, Wirasina said the government must allocate additional funds
02:03to strengthen the digital economy, including investment in digital infrastructure and technology
