Malaysia's MITI to present Budget 2025 wishlist on 12 August

The ministry will be holding stakeholder meetings on 5 and 6 August to collect industry feedback and wishlists.

Following the release of Malaysia's Pre-Budget Statement (PBS) on 30 July 2024, the Ministry of Investment, Trade and Industry (MITI) had announced that it will formally present its Budget 2025 proposals to the Ministry of Finance (MOF) on 12 August (Monday).

According to an article by Bernama, MITI Minister Tengku Datuk Seri Zafrul Abdul Aziz said that the ministry will be holding stakeholder meetings on 5 and 6 August to collect industry feedback and wishlists.

"MITI has some suggestions but as I emphasised, it needs to involve other stakeholders, especially the industry and chambers of commerce.

"We wanted to hear their views and their budget ideas as directed by Prime Minister Datuk Seri Anwar Ibrahim to ensure there is an engagement session with all stakeholders," he was quoted as saying.

In the PBS, MOF has outlined three short-term priorities for Budget 2025 to achieve the goals of Ekonomi MADANI:

• To raise the ceiling (in terms of restructuring the economy towards greater competitiveness and higher value-added activities);
• To raise the floor (in terms of improving quality of life and inclusiveness of opportunities), and
• To strengthen governance and public delivery.

For more information on what to expect in the upcoming Budget, please read our previous coverage here.