Budget 2024: Strengthen national economy, accelerate business sector

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KUALA LUMPUR: Based on the framework of the Madani Economy, the unity government has provided RM393.8 billion for Budget 2024 in an effort to strength...

: Based on the framework of the Madani Economy, the unity government has provided RM393.8 billion for Budget 2024 in an effort to strengthen the national economy, accelerate the business sector and at the same time achieve a balance of fiscal support and prudent spending despite the current global challenges.

When presenting Budget 2024 today, Prime Minister Datuk Seri Anwar Ibrahim said the government allocated RM393.8 billion, or 19.9 percent of the gross domestic product , with three ministries - Finance, Education and Health being the main recipients. With the theme of “Economic Reformation, People Empowerment”, this is the second budget presented by Anwar, who is also the finance minister since the formation of the unity government in November 2022. Last February, Anwar presented a revised budget amounting to RM388.1 billion.

Anwar said Budget 2024 is divided into three main focuses, namely Best Governance for Service Agility, Restructuring the Economy to Accelerate Growth and Improve People's Living Standards.

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