Our Prime Minister, also the Finance Minister tabled the Federal Government 2025 Budget last Friday, 18 October 2025 with a total allocation of RM421 billion. This is a RM27.2 billion increase from the budget for 2024. Here is the brief comparison of the Budget for 2024 and 2025:
Budget 2025 has these key pillars:
There are some good points on income re-distribution but the dividend
tax on individual shareholders will impact owners of SMEs. The FM has also
focused on irrelevant, non-income generating institutions like Jakim. Then, as
usual, he left the minorities with “crumbs” and expect their support in the
next election. The other is the T15 thing! Confusing and unclear! Why can’t
they enjoy some subsidy when they contribute bulk of the taxes (personal)?
References:
Centre Stage: Budget 2025 Overview, PwC
Malaysia
Budget 2025 Highlights, BDO, 18 October 2024
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