Budget 2025 focuses on addressing essential needs to uplift the people, particularly lower-income groups, without prioritising mega projects, says Transport Minister Anthony Loke.
Speaking to reporters after the Prime Minister’s tabling of Budget 2025 in Parliament on Friday (Oct 18), Loke also noted that the Kuala Lumpur-Singapore High-Speed Rail project is currently under evaluation and will be presented to the Cabinet for further consideration.
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Speaking to reporters after the Prime Minister’s tabling of Budget 2025 in Parliament on Friday (Oct 18), Loke also noted that the Kuala Lumpur-Singapore High-Speed Rail project is currently under evaluation and will be presented to the Cabinet for further consideration.
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NewsTranscript
00:00We have to ensure that the well-being of the larger population are well taken care of.
00:12So not increasing R95 for 85% of the population, increasing cash aid to the lower income groups
00:22and imposing a minimum wage to RM1,700.
00:26So all these are measures that we want to uplift the income level of Malaysians.
00:33Any big ticket item like, is there space, fiscal space?
00:37I think the Prime Minister has made it very clear that under the national budget, there
00:43will be no focus on mega projects.
00:46That is in line with what the government and the PM has always said, that as far as HSR
00:52is concerned, it has to be a private sector land.
00:55So we are still working on the mechanism, we are still evaluating, and of course I have
00:59to bring it to Cabinet for a decision on the way forward for HSR before we discuss with
01:05Singapore.
01:06So I think we are not deviating from the policy direction that the Prime Minister has given.
01:15So as far as national budget is concerned, more focus are given to the basic necessity
01:21of the public, of the population, of the people.
01:24Education, healthcare, transportation, housing, and uplifting the socio-economic status of
01:31the larger population, especially on the lower income groups.
01:34So I think that this budget has reflected that direction.