Khazanah’s Authorised Comments on Budget 2014

25 October 2013

Khazanah’s Authorised Comments on Budget 2014
By Tan Sri Dato’ Azman Hj. Mokhtar, Managing Director

Above all, this is a budget for economic rebalancing. This states clearly that Malaysia’s future growth should not be driven by the expansion of debt, but rather by moving up the global value chain in an inclusive manner which leaves no citizen behind. Key to this is reducing the level of fiscal deficit, via a measured introduction of Goods and Services Tax, through which the rates for corporate and personal income tax can be reduced to incentivize innovation and productivity.

While the property cooling-off measures may result in short-term weakness in the property market, we believe that this is the right thing to do for the long-term sustainability of the sector, and for better access and affordability for all Malaysians.

END

Related News

Khazanah and INCJ Announce Strategic Transaction in EDOTCO Group

Khazanah and Innovation Network Corporation of Japan (“INCJ”) are pleased to announce that Khazanah will acquire INCJ’s stake in EDOTCO...

14 March 2025 Read more

RM5.1 billion profit from operations for 2024, strong performance o...

Khazanah continues to create long term value creation, catalysing innovation and delivering socio-economic outcomes 2024 Highlights  RM5.1b profit from operations ...

5 February 2025 Read more

Khazanah’s Advancing Malaysia Strategy: Developing young Mala...

Khazanah Nasional (“Khazanah”) is steadfast in its belief that, along with strategic investments, human capital development is essential for the...

10 January 2025 Read more