Positive Signs Boost Confidence In National Growth Outlook, Amir Hamzah

big — Finance Minister II Amir Hamzah Azizan

Various positive indicators have boosted confidence in Malaysia's growth outlook, including the recovery of the ringgit, low unemployment, and moderate inflation, according to Finance Minister II Amir Hamzah Azizan.

In a social media post today, he also highlighted Malaysia' solid growth trajectory with the 2024 Gross Domestic Product (GDP) forecast to exceed 5%, as well as the declining fiscal deficit, which is projected to be 4.3% of GDP.

In October, the 2025 Budget tabled by the Madani government has targeted to further reduce the fiscal deficit-to-GDP ratio down to around 3.5% next year.

Through the passing of the Public Finance and Fiscal Responsibility Bill 2023, the government is committed to reducing the nation's fiscal deficit to 3% or less in the next 3 to 5 years.

On investment, the minister noted that total approved investment increased 10.7% year-on-year to RM254.7 billion during the first nine months of 2024, from the corresponding period in 2023.

Amir Hamzah said his main focus as Finance Minister, after one year into the job, is to imlement initiatives in line with the Madani framework including the restructuring of the economy to expand national revenue, safeguard the people's well-being in a fair and inclusive manner, and support governance excellence.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

Positive Signs Boost Confidence In National Growth Outlook, Amir Hamzah

Risk Disclaimer