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

Malaysia / 4d

Malaysia’s 2027 Budget is a steady one: people-oriented continuity rather than bold reform

Opinion / 3mth

Why Bersama is not Malaysia’s best hope

Opinion / 6mth

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

Opinion / 8mth

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

Malaysia / 11mth

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

Malaysia / 11mth

Nation on right track towards economic objectives, say economists

Spotlight

Malaysia

Man kidnapped, tortured, and killed following misunderstanding

Malaysia

'I will never forget taxi drivers who backed me in my hardest times' - PM Anwar

Malaysia

Najib fails to secure stay of 15-year jail term, RM11.38b fine in 1MDB case

Malaysia

Ivana Smit’s mother considers Federal Court appeal after RM1.1m award overturned

Education

Schools in Negeri Sembilan, Melaka to reopen tomorrow as haze conditions improve

Malaysia

Zara Qairina inquest: Investigating officer says final findings showed no suspicious circumstances

Malaysia

Man jailed 8½ years for abusing three-year-old boy, forcing the child to eat faeces

World

Pope Leo XIV diagnosed with lung cancer after successful surgery

Malaysia

More than 3,000 Myanmar refugees set for repatriation after Malaysia secures breakthrough

You may be interested

Malaysia

Terengganu royal family member sues two banks over RM1.99m missing from savings

Malaysia

Johor, Sarawak top unhealthy air readings as 20 stations breach threshold

Malaysia

Jelebu chieftain’s installation takes place at Istana Besar Seri Menanti today

By Alfian Z.M. Tahir

Malaysia

PN loses bid to suspend RoS freeze, to face Oct 22 court hearing

Malaysia

Cheap imports threaten local manufacturers as SMEs struggle with higher costs

Malaysia

Twenty-one stations record unhealthy air as Zahid expects wind shift to ease haze

Malaysia

Prosecution cites four grounds to convict four accused in T. Nhaveen murder case

Malaysia

More than 3,000 Myanmar refugees set for repatriation after Malaysia secures breakthrough