Budget 2025 to focus on inflation control, cost of living solutions, says Anwar

The Star

The government will prioritise strategies to stabilise inflation and address the rising cost of living in Budget 2025, says Datuk Seri Anwar Ibrahim.  The Prime Minister said that under the Madani government, the inflation rate is holding steady at 2%, with Gross Domestic Product (GDP) growth for the second quarter of this year at 5.9%.  Read more at https://tinyurl.com/nkw4k5hz   WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00Since we deal with the financial economy, I see that the economic growth has increased by 5.9%.

00:12Inflation is under control.

00:15I can go back to Vladivostok.

00:18It's hard to pronounce.

00:20Vladivostok, not Vladi.

00:23Some people say Vladivostok, not Vladi.

00:27I met President Putin.

00:29I asked him about the economic growth.

00:33Inflation is at 2%.

00:35How many types of food are there?

00:373%.

00:39Or 35%.

00:43That is also under our control.

00:46I made a strategy in October

00:50on how to deal with the cost of living.

00:54Even though it's low compared to Thailand and Indonesia,

00:58our inflation is low compared to Singapore.

01:02President Putin, when I said that our inflation is at 2%,

01:08he said,

01:10we control 8% of Russia's inflation.

01:15Even that, people applauded.

01:17He was proud because he was able to control it from a higher level.

01:20We don't even use 2%.

01:27My friend, President Erdogan,

01:30asked his finance minister, Mehmet Cicek,

01:33to discuss.

01:35Because his economy is good,

01:37tourism is high,

01:39but inflation is high.

01:41How much inflation is there in Turkey?

01:45Can you guess?

01:4610%?

01:4820%?

01:4940%?

01:55I don't suggest that direction.

01:58This is why we have to deal with this economy

02:03in a serious way.

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