Malaysian Rating Corporation Berhad (MARC) hosted the latest instalment of its MARC360 series, MARC360 Reflections: Analyses of Malaysia's Budget 2025 and Post-Budget Debates, where economic experts, policymakers, and industry stakeholders explored Budget 2025 and its expected impacts on Malaysia’s economic landscape.
In his opening remarks, MARC’s Group Chief Executive Officer, Arshad Mohamed Ismail, addressed the session’s significance in light of today’s economic challenges. He commented, “Budget 2025 reflects an ongoing commitment to balancing fiscal responsibility with strategic investments that are crucial to supporting Malaysia’s growth trajectory. With global uncertainties and rapid shifts in economic conditions, it is essential that we understand not only the budget’s immediate implications but also its potential to strengthen our resilience in the face of new challenges. Through today’s session, MARC continues to foster open dialogue that encourages innovative ideas and collaborative efforts for sustainable growth.”
The session featured presentations and insights from prominent voices in economic and fiscal policies, including Dr Nirwan Noh, Deputy Undersecretary (Economic Research) of the Fiscal and Economics Division at the Ministry of Finance; Christian de Guzman, Senior Sovereign Risk Analyst at Moody’s Ratings; Dr Carmelo Ferlito, Chief Executive Officer of the Center for Market Education (CME); and Dr Ray Choy, Chief Economist at MARC Ratings Berhad. Together, they provided in-depth analyses on the fiscal strategy outlined in Budget 2025, discussing its potential to enhance Malaysia’s competitive edge and address socioeconomic priorities amid global challenges.
The discussions also explored Malaysia’s position within the ASEAN region, with panellists examining how targeted budget measures can strengthen the country's economic foundation. As Malaysia seeks to advance towards high-income aspirations, Budget 2025’s focus on sustainable development and economic diversification is noted as central to ensuring long-term prosperity and fiscal health.
