PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim has started tabling Budget 2024 in Parliament on Friday (Oct 13) where he is expected to roll out bolder measures and reforms.
KUALA LUMPUR: Malaysia on Friday unveiled a tighter budget for 2024, focusing on subsidy rationalisation to strengthen its fiscal position as an economic slowdown puts a strain on government spending.* Expenditure seen at RM393.8bil, lower than RM397.1bil in 2023* Govt to spend RM52.8bil on subsidies and social assistance in 2024* Petronas dividend estimated at 32 billion ringgit in 2024, lower than 40 billion ringgit in 2023* Domestic demand seen driving growth* Headline inflation seen at 2.
* Monetary policy to be guided by mandate of achieving price stability and sustainable economic growthto our Premium Plan for an ad-free and unlimited reading experience!
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