Breaking Down Budget 2024: Malaysia’s Path to Fiscal Consolidation, Economic Growth and Social Wellbeing

By Doris Liew

December 2023 FEATURE
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BUDGET 2024, presented by Prime Minister Datuk Seri Anwar Ibrahim in parliament on 13 October 2023, and subsequently passed at the policy stage on 2 November 2023, bears the theme “Economic Reform, Empowering People”. This strategic fiscal blueprint underscores the government’s commitment to good governance and fiscal accountability, as well as economic development and welfare enhancement with a particular focus on the underprivileged segments of society.Expanded Revenue Base as Part of the Fiscal Consolidation FrameworkThe fiscal year 2024 heralds Malaysia’s...

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Doris Liew

is an economic thinker who regularly observes Asean's economic development, policy frameworks and regional and international trade dynamics.

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