Budget 2025
at a glance
On the back of positive economic sentiments, the government is well-positioned to pursue sustainable strategies to further fuel the economy
Real GDP growth in 20254.5% - 5.5%
Headline inflation in 20252.0% - 3.5%
Unemployment rate in 20253.1%
Investment and trade
The Budget recognises the importance of remaining competitive, investing in entrepreneurship as well as sustainable development
Public-private partnerships
To increase private investment by RM78 bn through Pelan Induk Kerjasama Awam-Swasta (PIKAS) and generate 900,000 job opportunities by 2030
Direct domestic investments
Through the GEAR-uP initiative, GLICs will increase direct domestic investments totalling RM120 bn over a period of 5 years, with RM25 bn to be invested next year
Power sector
UEM Lestra and Tenaga Nasional Bhd (TNB) to invest RM16 bn to upgrade the grid and decarbonise industrial areas
Our views in the media
- Pre-Budget
- Post-Budget
Pre-Budget
- Improving personal tax reliefs for greater equity (The Star)
- Tax experts: Budget 2025 to see expanded tax scope, new taxes unlikely (The Edge)
- Building a competitive and inclusive future (The Star)
- Stronger ringgit and softer oil prices position Malaysia to phase out fuel subsidies (The Straits Times)
- Budget 2025: The centre of opportunity for Malaysia's data boom (The Edge)
- Prioritise mid-tier firms in the national budget (News Straits Times)
Post-Budget
- PwC Statement – Budget 2025
- Budget 2025: Bigger, Braver and... Sexier? (BFM)
- Bernama News (Bernama)
- Budget 2025’s New Consumption Taxes & Why GST Outshines SST (BFM)
- 23 Oktober 2024 Biz Malaysia (RTM)
- Anwar to cut fuel and education subsidies for top earners under Malaysia’s Budget 2025 (The Straits Times)
- New Carbon Tax Tackles Environmental Concerns, But Needs Clarity On Implementation - Tax Consultants (Bernama)
- Global minimum tax will lead to shake up in tax incentive landscape (New Straits Times)
- Budget 2025: Challenges or surprises? (BFM Caijin)
- ESG for SMEs: seeking progress, not perfection (The Star)
- Niaga Spotlight with Tehmina Kaoosji: Budget 2025 highlights (Astro AWANI)
- Budget 2025: Empowering Malaysia’s digital future (The Star)
- Dividend tax a unique idea to hit top-earners, says expert (Free Malaysia Today)
- New carbon tax needs clarity on implementation - consultants (Malaysiakini)
- SST Expansion To Offset Fall in Oil-Related Revenue, Creates Robust Tax System (Bernama)
- Big Four, tax experts say Budget 2025 measures fit into fiscal consolidation goal (The Edge)
- Budget 2025: New carbon tax on steel, iron and energy sectors as Malaysia aligns with global environmental standards, experts call for clear implementation roadmap (Malay Mail)
- Cukai Karbon: Malaysia respon mekanisme EU, sokong matlamat hijau - PwC (Berita Harian)
- Possibility of special dividend payouts ahead of new 2% tax, say market experts (The Edge)
- Paying dividends in the long run: All eyes on Budget 2025 (The Edge)
- Greater clarity required on dividend tax (The Star)
- e-Invoice adoption rate set for rapid growth, driven by regulatory changes (New Straits Times)
Budget 2025 blogs
Stay ahead of the curve with our analysis and insights on Budget 2025
Tiny Mic, big takes
Our people share their hopes and expectations for Budget 2025
2024/2025 Malaysian Tax Booklet
A quick reference guide outlining Malaysian tax information
TaXavvy
Navigate Budget 2025 with the key tax proposals and updates.
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