Treasury secretary-general Johan Mahmood Merican said his team is currently finalising Prime Minister Anwar Ibrahim’s speech as well as the measures that will be announced on Oct 18.

“The prime minister will be presenting the budget this Friday. He has conducted various engagement sessions with stakeholders and we are currently finalising the budget speech,” he said to reporters after the Financial Run 2024 here today, held in conjunction with the National Sports Day.

Johan said the prime minister conducted several engagement sessions at the finance ministry, and also with various stakeholders from the electric and electronics sector in Kulim, Kedah, as well as those from the oil palm sector in Ipoh, Perak as recently as last week.

In a Facebook post on Oct 7, Anwar said the 2025 budget will be a continuation of the government’s efforts to ensure that Malaysia achieves the visions of the Madani economy.

He said the budget will introduce more structural economic reforms to ensure that the rapid economic growth can be shared equitably with the broader population.

Themed “Madani Economy, Prosperous Nation, Wellbeing of the People”, the budget is the third by the unity government under Anwar’s leadership and the last under the 12th Malaysia Plan (2021-2025) before transitioning to the 13th Malaysia Plan for the next five-year period.