The 2018 Budget will be tabled in Parliament on October 27 and will focus on creating more people-centric projects.
Prime Minister Datuk Seri Najib Razak, in announcing this, said the government always places the wellbeing of the people as its priority when making decisions on economic policies.
“The rakyat must benefit from the economic policies introduced. We have to ensure quality of life of Malaysians (by) introducing more affordable housing, steady level of income growth, managing cost of living and certain initiatives that can supplement income.
“Some of the transfer of income through BR1M (1Malaysia People’s Aid) has certainly helped the rationalisation of subsidies and have been very effective in preventing misallocation of resources, as highlighted by the World Bank, International Monetary Fund and International Rating agencies,” said Najib who is also Finance Minister during the Budget Consultation session here today.
He said the country would continue to embark on projects that are “Rakyat-friendly”, citing the launch of the first phase of the Mass Rapid Transit on July 17.
“Public transportation is quite high up in terms of our priority and will continue to develop set of policies that are well balanced. The innovation of being an inclusive society is important; the disabled, the Orang Asli, all must feel that they are benefiting from our economic policies.”
Also present were Second Finance Minister Datuk Johari Abdul Ghani,Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah, Bank NegaraMalaysia governor Datuk Muhammad Ibrahim.