INTERACTIVE: Key takeaways from Budget 2024

  • News
  • Friday, 13 Oct 2023

Prime Minister Datuk Seri Anwar Ibrahim in Parliament after tabling the Budget 2024. - FAIHAN GHANI/The Star

PETALING JAYA: Budget 2024, which Datuk Seri Anwar Ibrahim tabled on Friday (Oct 13), contains various measures to balance between aiding those in need and cutting back on blanket subsidies.

At RM393.8bil, the country's spending plan for next year is the biggest ever tabled.

In comparison, last year's national budget was RM388.1bil.

Budget 2024, the second tabled by Anwar as Prime Minister, was themed "Reforming the economy, empowering the rakyat."

Here are some highlights of how Malaysians from various walks of life will benefit from Budget 2024:

How the money will be channeled

The biggest allocation in Budget 2024 will be set aside for the Finance Ministry.

The ministry will receive 16.91% of the budget's total allocation, while the second biggest recipient will be the Education Ministry at 14.91% and Health Ministry at 10.46%.

Rise in fall in each ministry's allocations

Domestic Trade and Cost of Living Ministry saw its allocation going up by 46.2%, the biggest growth in allocation for Bugdet 2024 compared to Budget 2023.

The Investment, Trade and Industry Ministry is second with a 18.7% increase, with Agriculture and Food Security Ministry in third at a 14.8% rise.

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