KUALA LUMPUR: Malaysia will likely introduce further subsidy cuts and new taxes as part of its budget for next year, analysts and economists said, as it looks to strengthen its fiscal position amid expectations of falling government revenue.
Prime Minister Datuk Seri Anwar Ibrahim is set to announce the government's spending plan for 2025 in parliament on Friday, aiming to balance fiscal consolidation and economic growth while alleviating rising living costs.
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