Empowering the people: PM to launch Budget 2024 theme ‘Madani Economy’ on July 27

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim is set to launch “Madani Economy: Empowering the People”, the theme for Budget 2024 which will steer the economy to safeguard the country’s future.

The launch will be held at the Securities Commission’s headquarters in Kuala Lumpur at 9am on Thursday (July 27).

“Wait for it, God willing,” he said in a social media post Wednesday (July 26).

Malaysia’s economy recorded better-than-expected growth of 5.6% in the first quarter of the year, driven mainly by private-sector spending.

Previously, Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour said the central bank has maintained its projection for the country’s gross domestic product (GDP) growth this year at between 4.0% and 5.0%.

He said domestic demand remains resilient and the job market is improving, further supporting consumer spending.

On Feb 24, Anwar, who is also the Finance Minister, presented the unity government’s first Budget with an allocation of RM388.1bil, an increase from the RM372.3bil Budget presented by the previous administration in OCtober.