KUALA LUMPUR: The total 2025 Budget (Belanjawan 2025) allocation of RM421.0 billion, is a fiscal tightrope of a balance between the short-term demands and long-term fiscal sustainability needed to support economic growth in the coming years, AmBank Group chief executive officer said.
Jamie Ling said RM86 billion development expenditure is positive as the government continues to reflate the economy and invest in its future.
He said the Budget supports the economy by providing the necessary allocations to increase the economic multiplier to trade and the services sector, including financial services.
"Budget 2025 offers a promising outlook for Malaysia's SMEs, and we particularly laud the continuation of the SJPP initiative and SME loan of RM3.8 billion by Bank Negara, which will propel our corporations to a higher level. We commend the government's continued emphasis on this sector to nurture future industry champions," he said.