Budget 2024 a manifestation of govt's commitment to reduce cost of living, says PM

ISHAM Jalil was, once upon a time, regarded as mentri besar material in Selangor.

KUALA LUMPUR: Budget 2024 is a manifestation of the government's continued commitment to reduce the cost of living, increase job opportunities and be more competitive, says Datuk Seri Anwar Ibrahim.

The Prime Minister, in a Facebook post on Saturday , said that the budget, themed 'Reformasi Ekonomi: Memperkasa Rakyat' , also translates the government's efforts in supporting a conducive investment climate in a changing global environment. "The Federal Government's Budget 2024 emphasises sustainable and pro-people economic growth, in line with the new economic direction," he said.Anwar, when tabling Budget 2024 in the Dewan Rakyat on Friday , announced total allocations amounting to RM393.8bil, the highest budget ever presented, outlining three main focuses, namely, Best Governance for Service Agility, Restructuring the Economy to Accelerate Growth and Improve People's Living Standards.

He said Budget 2024 witnessed an increase in the country's revenue, following economic and fiscal restructuring, as well as the implementation of taxation reforms and targeted subsidies, which would be best utilised to raise the standard of living of the people.

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