KUALA LUMPUR: Following are the highlights from Updates on Economic & Fiscal Outlook and Revenue Estimates for 2025:
* Federal government allocates RM421 bln for Budget 2025
* Economy to grow between 4.5 and 5.5 pct in 2025
* Federal government's revenue projected to increase 5.5 pct to RM339.7 bln in 2025
* Petroleum-related revenue expected to register RM62 bln in 2025
* Fiscal deficit expected to decline to 3.8 pct next year
* Inflation forecast to be 2.0-3.5 pct in 2025
* Trade to expand 4.0 pct to over RM3 trillion in 2025
* Gross exports to increase 3.9 pct, imports to rise 4.1 pct in 2025
* Singapore, US, China and Japan to be Malaysia’s major export markets
* Malaysia to strengthen regional ties in electrical and electronics, artificial intelligence, medical tourism and ESG during Malaysia's ASEAN chairmanship next year
* Malaysia to introduce the ASEAN Community Concept 2045 - Bernama
