Malaysian Prime Minister Najib Razak has unveiled the country’s 2015 budget that will allocate a total of 273.9 billion MYR (84.12 billion USD) for next year, an increase of 9.8 billion MYR (3 billion USD) as compared with 2014. The 2015 budget, themed “People’s Economy” , focuses on seven main strategies namely strengthening economic growth, enhancing fiscal governance, developing human capital and entrepreneurship, improving agendas relating to Malays, promoting the role of women, developing national youth transformation programme, and prioritising the well being of citizens. Malaysia has targeted a Gross Domestic Product (GDP) growth of 5-6 percent in 2015, with average personal income reaches to 37.486 MRY (over 11,500 USD). The Malaysian Government also plans to cut fiscal deficit to 3 percent in 2015, and inflation to 4-5 percent.
With 316 million MYR (97 million USD) allocated for tourism sector, the industry hopes to welcome 29.4 million international visitors in 2015.-VNA
