Malaysia

Second Madani budget among new policies in facing global challenges: PM

Datuk Seri Anwar Ibrahim also reiterates commitment to solving cost of living issue

Updated 3 years ago · Published on 05 Jun 2023 1:19PM

Second Madani budget among new policies in facing global challenges: PM
Malaysia, says Prime Minister Datuk Seri Anwar Ibrahim, would also continue to play a more active role in voicing its stance and preserving the country’s interests at international forums, particularly in issues of the country’s sovereignty, humanitarianism, security and disaster management. – Screen grab pic via RTM, June 5, 2023

KUALA LUMPUR – The government is launching several policies to face the world’s challenges, said Prime Minister Datuk Seri Anwar Ibrahim.

He said the policies would include the National Industrial Plan to be launched in August, the Mid-Term Review of the 12th Malaysia Plan at the end of September, and the second Madani Budget in October.

He said these policies are required in dealing with challenges facing the world, which include power struggles and war, a global economic slowdown, and the climate and environmental crisis.

“This big framework that will be launched will serve as a platform for good, transparent and responsible governance,” he said in his congratulatory speech at the investiture ceremony in conjunction with the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah’s birthday celebration today.

Besides economic recovery efforts, the prime minister said the unity government is also focusing on addressing the issue of the cost of living, increase in the price of goods and food security which had become a worldwide problem.

Anwar, who is also finance minister, said several approaches such as the Rahmah Umbrella Concept, Aidilfitri Sales Carnival, and entrepreneurship programmes are carried out as part of the efforts to help the people.

Malaysia, he said, would also continue to play a more active role in voicing its stance and preserving the country’s interests at international forums, particularly in issues of the country’s sovereignty, humanitarianism, security and disaster management.

“Your Majesty’s contribution in raising the country’s interests in the diplomatic and investment fields is greatly appreciated,” he said.

Meanwhile, the prime minister said Malaysia’s gross domestic product grew 5.6% involving a total investment of RM71.4 billion during the first quarter of 2023.

He attributed this to wise planning by the cabinet, civil servants and private sector.

He said the Malaysia Madani Budget 2023 was unanimously passed at the First Meeting of the Second Session of the 15th Parliament last year.

“Hence, our determination to implement the three pillars and 12 main thrusts of the Madani Budget, especially in food security, the digital economy, the role of small and medium enterprises and to eliminate hardcore poor,” he said.

He said the government, in line with the concept of Developing Malaysia Madani, was committed to working hard to ensure the country’s growth, while upholding justice and noble human values. – Bernama, June 5, 2023

Related News

Opinion / 2mth

A civilizational moment for Malaysia: From Al-Attas to Osman Bakar

Opinion / 4mth

Government Procurement Bill 2025: Evidence of government’s firm stance against corruption

Malaysia / 7mth

 PM’s claim of compliance on Sabah’s 40% share conflicts with court ruling, says Roger Chin

Malaysia / 7mth

Nation on right track towards economic objectives, say economists

Events / 7mth

Global leaders, thinkers, and advocates from across the Global South in KL for three-day conference

Opinion / 8mth

Madani Budget 2026: A budget of direction, not perfection

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

PAS not contesting solo in Johor PRN, new political alignment formed

Malaysia

Johor caretaker government continues administrative duties ahead of state election

Malaysia

Anwar warns global order lacks direction, calls for renewed international cooperation

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

BN to contest solo in Negeri Sembilan state election - Ahmad Zahid

Malaysia

Johor state poll: EC prepares massive election operation for over 2.7 million eligible voters

Malaysia

PM: Students abroad should gain positive values ​​from the local community