KUALA LUMPUR (Oct 18): The Ministry of Rural and Regional Development is set to receive RM11.9 billion, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Of this allocation, RM4.47 billion is designated for operating expenditures, while RM7.49 billion will go towards development expenditures, Zahid, who is the rural and regional development minister, noted, adding that this is the largest budget to date for the ministry.

"The budget also demonstrates the government's commitment to ensuring inclusiveness for all demographics in the country," said Zahid during a press conference after the tabling of Budget 2025 in Parliament on Friday.

A significant portion of the budget will be allocated to rural development projects, with RM2.5 billion earmarked for improving water, electricity supply, and infrastructure in rural areas, he added.

Meanwhile, Finance Minister II Datuk Seri Amir Hamzah Azizan reaffirmed that the government will continue to support the needy as part of its shift towards subsidy reforms.

"Budget 2025 ensures that the needs of vulnerable groups are taken care of despite the government's move towards fiscal reform, including the rationalisation of subsidies," Amir Hamzah said.

He also said that Budget 2025 aims to enhance Malaysia's competitiveness, and make the country more attractive to investors.

"The measures announced under the budget will create new growth engines by involving more government agencies and government-linked investment companies. This will mean more people contributing to the nation’s economic growth," he added.

Click here for all you need to know about Malaysia's Budget 2025.