Unity Government council reviews mid-term progress and economic plans
Its secretariat chief Datuk Dr Asyraf Wajdi Dusuki said that it has been agreed that the mid-term review being conducted at the Cabinet level be presented to the consultative council to assess matters previously decided upon and to honour the differing perspectives of the parties within the Unity Government.
He said the meeting has also decided to evaluate the Unity Government's achievements and carefully consider all feedback directed at the government while focusing on efforts to boost the economy and welfare programmes for the public.
'The establishment of a Technical Committee to study aspects of cooperation among the Unity Government parties in facing the Sabah State Election was also announced,' he said in the statement.
He said the meeting also congratulated the country on its achievement and Anwar for brokering a truce between Thailand and Cambodia.
Several key leaders of the Unity Government were also seen attending the meeting which was held at the Seri Perdana Complex in Putrajaya namely Barisan Nasional chairman Datuk Seri Dr Ahmad Zahid Hamidi Gabungan Parti Sarawak chief whip Datuk Seri Fadillah Yusof and DAP secretary-general Anthony Loke Siew Fook.
Also present were Parti Amanah Negara president Datuk Seri Mohamad Sabu MIC deputy president Datuk Seri M. Saravanan and MADANI Government spokesperson Datuk Fahmi Fadzil.
The meeting which began at 5 pm concluded at around 6.45 pm. – Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
3 hours ago
- New Straits Times
Anwar: Government prioritises fiscal discipline for sustainable economy
KUALA LUMPUR: The country's financial management must be carried out prudently and with discipline, in line with the spirit of the Public Finance and Fiscal Responsibility Act 2023 (FRA), said Prime Minister Datuk Seri Anwar Ibrahim. He stressed this while chairing the Fiscal Policy Committee (FPC) meeting, which is an important platform for drafting clear fiscal policies and setting the direction of the country's economy. He said the Madani Government needs to continue to find a balance between efforts to maintain the momentum of economic growth and ensuring the country's fiscal position remains sustainable, especially in the volatile global economic environment. "Although the world is still grappling with uncertainty, the national economy remains strong with a growth rate of 4.4 per cent for the first half of 2025. "The unemployment rate has also dropped to three per cent, the lowest in 10 years," the prime minister said in a post on his Facebook page. He added that the government has successfully reduced the fiscal deficit from 5.5 per cent in 2022 to 4.1 per cent of Gross Domestic Product (GDP) in 2024, an achievement that demonstrates its commitment to responsible fiscal management. Meanwhile, in a separate statement following the FPC meeting today, the Finance Ministry said as the Madani Government embarks on the 13th Malaysia Plan, fiscal space must be optimised to deliver public investments that materially transform the economy (Raise the Ceiling) and improve the rakyat's quality of life (Raise the Floor). In 2025, Malaysia's economy is expected to grow between 4.0 per cent and 4.8 per cent, underpinned by strong domestic demand, moderate inflation and a stable labour market. "The FPC meeting today reaffirmed the government's commitment to reducing the 3.8 per cent fiscal deficit target for 2025 and subsequently achieving a deficit of three per cent or below in the medium term, in line with the FRA commitment," said Anwar, who is also the finance minister. The session also serves as an important step in setting the government's fiscal trajectory ahead of the forthcoming Budget 2026, scheduled to be tabled on Oct 10. Under the provisions of the FRA, the ministry said the Madani Government is undertaking the Medium-Term Revenue Strategy (MTRS) to broaden the revenue base and establish a more progressive tax system, while strengthening compliance with international best practices. "Moving forward, priority will be placed on addressing leakages and enhancing efficiency through measures such as the phased implementation of the e-invoicing system. "These efforts underscore the government's resolve to build a fairer, more resilient and sustainable fiscal framework that supports long-term economic growth and the well-being of the people," said the ministry. – BERNAMA
Barnama
4 hours ago
- Barnama
Cambodia, Thailand Turn To Malaysia For Support In Fast-tracking Border Ceasefire Measures
Thailand's Acting Prime Minister Phumtham Wechayachai having a phone discussion with Malaysian Prime Minister Datuk Seri Anwar Ibrahim on the operations of the Interim Observer Team (IOT). Credit: Phumtham Wechayachai Official Facebook account By Vijian Paramasivam & Kenny Teng KUALA LUMPUR, Aug 19 (Bernama) -- Cambodia and Thailand have both sought Malaysia's support, in its capacity as ASEAN chair, to accelerate the monitoring of a ceasefire agreement aimed at securing lasting peace along the Thai–Cambodian border. On Tuesday, Malaysian Prime Minister Datuk Seri Anwar Ibrahim held separate discussions with Cambodian Prime Minister Hun Manet and Thailand's Acting Prime Minister Phumtham Wechayachai. bootstrap slideshow Hun Manet said he reached out to Anwar to ensure the swift advancement of ceasefire mechanisms. 'I had a phone call with His Excellency Anwar Ibrahim, Prime Minister of Malaysia, regarding the progress of the implementation of the ceasefire. 'We also discussed the need for a quick establishment of the ASEAN Observer Team (AOT) and the operation of the Interim Observer Team (IOT). 'Both are important mechanisms for effectively monitoring the implementation of the ceasefire,' Manet said on his official Facebook page posting on Tuesday evening. Meanwhile, Phumtham said he discussed IOT operations with Anwar to help secure lasting peace along the Thai–Cambodian border. 'I reaffirmed that Thailand wishes for the IOT, which has only recently begun its work, to operate in accordance with the principles and framework agreed at the Extraordinary General Border Committee (GBC) Meeting on Aug 7. 'I further proposed that the upcoming GBC meeting, scheduled for next month, could review the IOT's operations if necessary,' he said in a post on his official Facebook account on Tuesday
The Sun
5 hours ago
- The Sun
Unity Government council reviews mid-term progress and economic plans
KUALA LUMPUR: The Unity Government Leadership Consultative Council meeting chaired by Prime Minister Datuk Seri Anwar Ibrahim today reached several key decisions including a mid-term review of the government's achievements and efforts to strengthen the economy. Its secretariat chief Datuk Dr Asyraf Wajdi Dusuki said that it has been agreed that the mid-term review being conducted at the Cabinet level be presented to the consultative council to assess matters previously decided upon and to honour the differing perspectives of the parties within the Unity Government. He said the meeting has also decided to evaluate the Unity Government's achievements and carefully consider all feedback directed at the government while focusing on efforts to boost the economy and welfare programmes for the public. 'The establishment of a Technical Committee to study aspects of cooperation among the Unity Government parties in facing the Sabah State Election was also announced,' he said in the statement. He said the meeting also congratulated the country on its achievement and Anwar for brokering a truce between Thailand and Cambodia. Several key leaders of the Unity Government were also seen attending the meeting which was held at the Seri Perdana Complex in Putrajaya namely Barisan Nasional chairman Datuk Seri Dr Ahmad Zahid Hamidi Gabungan Parti Sarawak chief whip Datuk Seri Fadillah Yusof and DAP secretary-general Anthony Loke Siew Fook. Also present were Parti Amanah Negara president Datuk Seri Mohamad Sabu MIC deputy president Datuk Seri M. Saravanan and MADANI Government spokesperson Datuk Fahmi Fadzil. The meeting which began at 5 pm concluded at around 6.45 pm. – Bernama
