During a meet-and-greet session with employees of Westports Malaysia Sdn Bhd in Selangor on Friday (Sept 27), Prime Minister Datuk Seri Anwar Ibrahim indicated that the upcoming Budget 2025 will focus on addressing the rising cost of living affecting the rakyat.
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NewsTranscript
00:00If the economy is good, the port is more stable, and the efforts are more increased, the profits are higher,
00:27then the revenue should be increased.
00:36Because we have productivity, if the productivity is increased, the revenue will be higher.
00:44So if the productivity is increased,
00:51the revenue will be higher.
00:54If the demand is increased excessively, it will damage the economy.
01:01So the increase has to be increased, but according to the efforts of the cadres, so as not to burden the company.
01:10Who wants the government today?
01:13It is said that the increase is the highest.
01:16There are cadres who want the increase to be low, if it is high, increase it a little.
01:21Increase it by 7% is the maximum.
01:23Below that, there are cadres who want the increase to be 35%, 40%.
01:28What is the problem?
01:30Our problem is the cost of goods.
01:34The road I mentioned earlier, but the cost of goods.
01:37If it is increased, yes.
01:39If there is a problem, yes.
01:41That is why I said that in October 2018, I will try to reduce the burden.
01:49But even if it is increased, oil, cooking oil, sugar, flour, rice,
01:58we are the lowest in ASEAN.
02:00Sugar is the lowest compared to Singapore, Indonesia, and Thailand.
02:06Rice is lower than Thailand, Indonesia, and the Philippines.
02:10So how much is increased?
02:13Around 2%.
02:15How much?
02:17I talked to Putin, Amiruddin at that time.
02:21He asked how much is Malaysia's inflation?
02:252%.
02:26There is 3%, but it is a problem for our people.
02:31He said yes, it is true.
02:33I asked how much is Russia?
02:358%.
02:37My friend, President Erdogan, Turkey.
02:40How much is inflation?
02:4240%.
02:44Good.
02:46I am not giving an excuse that we cannot do anything.
02:49Because for the people, it is still affected.
02:52Even if it is increased a little, it is still a complaint.
02:54But we have to educate them.
02:58In Russia, it is 8%.
03:01In Turkey, it is 40%.
03:03And all the neighboring countries are higher than us.
03:07But we still have to take steps to reduce it.
03:14We have to find a way.
03:16So while complaining, we have to find a way to do it.
03:20There are things that we can reduce.
03:22For example, subsidies.
03:25That is why we make subsidies.
03:29We cannot pay the rich people.
03:33We give it to the poor people.
03:36We give them money to reduce their burden.