Prime Minister to Table 2015 Budget on October 10
income nation by 2020,”
said Najib, who is also
Finance Minister, before
chairing the 2015 Budget
consultation meeting.
country, has met several
times since its inception in
June 2013.
The theme for this year’s
budget consultation is
“Accelerating Growth,
Ensuring Fiscal Sustainability
and Prospering the Rakyat”.
The 2015 Budget is
scheduled to be tabled in
Parliament on October 10,
said Prime Minister Datuk
Seri Najib Tun Razak.
He said that this is a crucial
budget as it will be the final
budget under the 10th
Malaysia Plan, which will
provide allocations for the
remaining programmes and
projects under the plan.
“It will also help to ensure
a smooth transition to the
11th Malaysia Plan which
will provide the final push
in transforming the country
into an advanced and high-
“The FPC has extensively
deliberated on several fiscal
measures, which includes
the implementation of the
Goods and Services Tax and
subsidy rationalisation,” he
added.
“While we are increasing
efforts to ensure that the
economy continues to grow,
we are also committed to
see that our agenda for
fiscal reforms does not get
side-tracked.
Najib also said that the
government is paying
serious attention to
the Auditor-General’s
recommendation on
improving government
spending.
“I will continue to be
expansionary but not at the
expense of our deficit.
“In this regard, we are taking
a holistic approach in order
to ensure prudent financial
management.
Eco World Unveils RM20.8
Billion Projects
“We expect to reduce the
fiscal deficit to 3.5 per cent
this year and achieve a
balanced budget by 2020,”
said the prime minister.
Najib also said the Fiscal
Policy Committee, which
would oversee all aspects
of fiscal management in the
“Any malpractice
and shortcomings in
government administration
will also be addressed
effectively, “the prime
minister added.
Additional Condition to Housing Policy to Curb
Speculative Activities
the buyer with the ministry,” said the
ministry’s deputy minister, Datuk Halimah
Mohamed Sadique.
“It is hoped that with these measures, the
Government will be able to curb speculative
activities, which is one of the main causes
of the rapid increase in house prices,”
she added commenting on the additional
condition that has taken effect immediately.
The fair saw the participation of
approximately 30 exhibitors who showcased
their latest property developments to
visitors.
The Ministry of Urban Wellbeing, Housing
and Local Government of Malaysia has
announced that the “registration on bulk
purchases of residential units” as an
additional condition in the advertisement
and sales permit for housing development at
the launch of a property fair at the Setia City
Convention Centre in Selangor recently.
“Any developer who sells more than four
units of houses to one buyer must register
Among the participating exhibitors were
some of the nation’s top developers
such as Mah Sing Group Bhd, Eco
World Development Sdn Bhd, Tropicana
Corporation Bhd, Sime Darby Property Bhd,
OSK Property Holdings Bhd and Gamuda
Land Sdn Bhd.
The fair’s opening launch was also graced
by Real Estate and Housing Developers’
Association (REHDA) president Datuk Seri
Michael Yam.
Eco World Development
Group Bhd recently
previewed its three new
development projects
in the Klang Valley and
Iskandar Malaysia and
its first business park
in Iskandar with a total
gross development value
(GDV) of RM20.8 billion.
The group’s first township
in the Klang Valley is
called EcoMajestic in
Semenyih spanning some
1,089 acres with a GDV of
RM11.14 billion while in
the Tebrau corridor, the
developer launched Eco
Spring and Eco Summer,
a 613.8-acre mixed
development with a
combined GDV of RM5.87
billion.
The developer also
previewed its first
Business Park called Eco
Business Pak I, which
is designed to take the
concept of green fullserviced business parks
to another level.
Two projects launched
earlier, namely the
EcoBotanic in