KUALA LUMPUR, Oct 10 (Bernama) — Responding to the pulse of the people on their grievances over the rising cost of living, Datuk Seri Najib Tun Razak Friday presented Budget 2015 that focuses on easing the financial burden of the people in tandem with the efforts to grow the national economy. Tabling the budget, which carried the theme “People Economy”, in the Dewan Rakyat, the prime minister said the approach gave emphasis to striking a balance between the capital economy and the people’s economy.
“This budget will focus on the people’s economy as the bedrock in prioritising the interests of the rakyat. Hence, we can achieve advanced nation status; the benefits of the nation’s wealth and prosperity will be enjoyed by the Rakyat,” he said. He said the people’s economy was an economy that was Rakyat-oriented covering priorities and interests of the Rakyat, such as cost of living, household income, education opportunities, employment and business, quality of life, skills training, entrepreneurship as well as security and safety. Budget 2015 allocates a total of RM273.9 billion, of which RM223.4 billion is for operating expenditure and RM50.5 billion for development expenditure.