KUALA LUMPUR: The Ministry of Finance (MoF) will focus on progressive taxation to ensure fairness, sustainable budgeting to prioritise critical sectors such as education and healthcare, and responsible debt management to support development in line with the aspirations of the MADANI Economy framework.
Minister of Finance II Datuk Seri Amir Hamzah Azizan said the ministry will drive economic growth through investments in green technology, empower small and medium enterprises (SMEs), and develop smart, sustainable infrastructure.
"Transparency and accountability will be reinforced through anti-corruption measures, open data initiatives, and partnerships with the private sector.
"Additionally, we will invest in upskilling our workforce, strengthening welfare programmes, and improving healthcare access, especially for underserved communities," he said in his speech at the 52nd ASEAN Banking Council Meeting Gala Dinner here, yesterday.
He also emphasised the ministry's commitment to environmental responsibility, targeting carbon neutrality and promoting sustainable use of resources.
"Together, these efforts will lay the foundation for a resilient, inclusive, and prosperous Malaysia," he said.
As the incoming ASEAN Chair in 2025, Amir Hamzah highlighted Malaysia's commitment to reducing socio-economic inequalities and creating sustainable economic opportunities across the region, positioning ASEAN as a model for sustainable development.
The MADANI Economy framework, with its emphasis on sustainability and innovation, will serve as a guide for ASEAN's development, ensuring that growth is inclusive and equitable. The framework is fully aligned with the Sustainable Development Goals (SDGs) and ASEAN's 2045 aspirations for a resilient, inclusive region.
He noted that Malaysia is advancing on four key pillars: trade facilitation, sustainability goals, digital economy and innovation, and inclusivity and shared prosperity.
He also highlighted Malaysia's progress in green financing initiatives, including the issuance of sustainable bonds and sukuk, as well as regional collaborations to promote a low-carbon economy.
"These are not just symbolic actions; they are the building blocks of a sustainable and inclusive future for ASEAN," he said. – BERNAMA