Some thoughts on the upcoming Budget 2025


SCS Global Consulting (M) Sdn Bhd tax partner Harvindar Singh

BUDGET 2025 is to be tabled in Parliament on Oct 18, marking the last budget for the 12th Malaysia Plan (2021 to 2025). It would be interesting to see the fresh economic plan and impetus that would be introduced to enhance the country’s competitiveness and future viability.

The Malaysian economy has been performing beyond expectations. A resilient private consumption, robust investment and a rebound in exports have driven real gross domestic product (GDP) growth which grew by an average of 5.1% per annum in the first half of 2024.

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Budget 2025 , GST , unemployment , GDP , economy

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