PERIKATAN Nasional (PN) will always support good initiatives in Budget 2024 tabled by Prime Minister Anwar Ibrahim on Friday for the future of Malaysia and its people, opposition leader Hamzah Zainudin said.

He also urged the government to boost efforts in restructuring the economy towards a more progressive direction to encompass the participation of the entire society holistically at every level.

“As a trading nation that is still developing, Budget 2024 should be growth-friendly, business-friendly and people-centric,” he said during the debate session of the 2024 Supply Bill at the Dewan Rakyat today.

“The government should also continue to implement detailed plans and improvements to provide foreign investors easy access to incentives and facilities so that they can boost their investments in time.”

The Larut MP said Malaysia needed a new economic growth engine and changes in the framework and direction of the economy to optimise the economy’s true potential.

“It is PN’s hope to see the country’s economy grow till it is acknowledged as a regional economic axis before 2030,” he said.

“As such, PN urges the government to pay specific attention to economic sectors that have the potential to be new national economic growth engines. This includes future economy, digital economy, education, tourism, modern agriculture and high-value industries.” – Bernama, October 16, 2023.