Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2015 budgets in the Parliaments on Friday, 10th October 2014. The theme for 2015 Budget “Accelerating Growth, Ensuring Fiscal Sustainability and Prospering the Rakyat.”
In 2015, economic growth is expected to remain strong between 5% and 6% while the fiscal deficit is projected to further decline to 3% of GDP.
The 2015 budget is formulated with focus on the people’s economy and outlines seven main strategies:
First Strategy: Strengthening Economic Growth;
Second Strategy: Enhancing Fiscal Governance;
Third Strategy: Developing Human Capital and Entrepreneurship;
Fourth Strategy: Advancing Bumiputera Agenda;
Fifth Strategy: Upholding Role of Women;
Sixth Strategy: Developing National Youth Transformation Programme; and
Seventh Strategy: Prioritising Well-Being of the Rakyat.
The following are 2014 Budget highlights for Personal Finance and Investment.