Budget 2025: Malaysia's GDP growth is projected to be between 4.5 to 5.5% next year | TheStarTV.com

Budget 2025: Malaysia's GDP growth is projected to be between 4.5 to 5.5% next year

Published on 18 Oct 2024 5:18:14 PM

The Federal Government's revenue collection is projected to grow by 5.5 per cent to RM339.7 billion, or 16.3 per cent of gross domestic product (GDP) in 2025, said the Finance Ministry.

It said growth would be driven by a 6.6 per cent rise in direct tax collection to RM188.8 billion and a 9.8 per cent increase in indirect tax, totalling RM70.2 billion.

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revenue, government, ministry of finance, fiscal outlook 2025, gdp

The Federal Government's revenue collection is projected to grow by 5.5 per cent to RM339.7 billion, or 16.3 per cent of gross domestic product (GDP) in 2025, said the Finance Ministry.

It said growth would be driven by a 6.6 per cent rise in direct tax collection to RM188.8 billion and a 9.8 per cent increase in indirect tax, totalling RM70.2 billion.

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Keywords:
revenue, government, ministry of finance, fiscal outlook 2025, gdp

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