Budget 2025: A Message of Fiscal Stability, Growth Continuity
- The Government has struck a tough balancing act in delivering a Budget package that will keep the economy on an upward growth trajectory without derailing its medium-term fiscal stability pact.
- The 2025 Budget addresses: (1) Continued fiscal repairs and policy reforms to build stronger foundation for growth, business and investment opportunities; (2) Cost of living pressures; (3) Enhancing investment climate for sustaining Domestic Direct Investment (DDI) and FDI; (4) Strengthening domestic enterprises’ capabilities and manpower skills development; and (5) Building long-term sustainability goals.
- The Budget has delivered the task of tightening the structural deficit through continued subsidies rationalisation, overlapping expenditure cuts and combatting wasteful spending amid lower development expenditure.
