PUTRAJAYA: The government’s focus on reducing the fiscal deficit in Budget 2024 is aimed at boosting investor confidence and spurring economic growth, according to Prime Minister Datuk Seri Anwar Ibrahim.
"If the deficit continues to swell, potential investors will have no confidence, that the country is being governed by an irresponsible political leadership line-up or government administration,” he said during the monthly Finance Ministry assembly here today. "Swelling debt that the children can’t afford to pay, means a failure in management. Debt that can be handled later, it is reasonable especially if the debt can bring growth,” he said.
On Friday last week, Anwar tabled the 2024 Budget themed"Economic Reforms, Empowering the People” with an allocation of RM393.8 billion, the highest budget ever tabled in the nation’s history.
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