Monday, March 1

PM to unveil ‘transformational budget for all M’sians’ today



KUALA LUMPUR: The 2012 Budget, to be tabled at the Dewan Rakyat today, will be “a truly transformational budget for all Malaysians,” Prime Minister Datuk Seri Najib Tun Razak said.

Emphasising the government’s inclusive approach, Najib, who is Finance Minister, said there would be a wide range of winners in this year’s ‘measured, moderate budget.’

Highlights will include new policies to address the cost of living in difficult times while maintaining a fiscally responsible approach to managing the economy.

“This budget will be about the government delivering on our promise to ensure social justice while keeping our country on the strong economic course that will deliver long-term prosperity for all.

“This is truly a transformational budget for all Malaysians, and one that will keep us firmly on the path towards becoming a fully developed high-income nation,” Najib said in a statement issued by his office ahead of the Budget announcement yesterday.

“In line with the guiding principles of 1Malaysia — People First, Performance Now — I’m totally focused on maintaining economic growth and cutting the deficit, but will never do so at the expense of ordinary citizens,” he added. — Bernama