00:00Do you have any questions?
00:04Next week is budget.
00:07Can you give us an idea of what is the government's focus in?
00:13Next week, on the 10th, Prime Minister will be presenting the budget to Parliament, right?
00:20And this is the first year of the RMK13.
00:24So we will, of course, make sure that the plans that we have laid down under RMK13 is among the key elements that is incorporated in the budget.
00:34And of course, the focus of the budget is actually framed against RMK13 and the kerangka ekonomi medani.
00:45Is there any possibility that government will increase the syntax?
00:49That's why you have to do it when the government is made by the government.
00:56The important thing is that we are together to make a place to the place.
01:01RMK13 has given a 7th, which is clear for everyone to see what the priority is to put to the country.
01:12That's why we must reformise it to improve in the sector of health, in the sector of education, in the sector of health.
01:24There are a lot of agenda that we are going to do.
01:26And insyaAllah, Planjauan 2026 will enter the elements of this to help the movement, to build the movement in Malaysia.
01:36It's the same as the theme of Melaka, the development.
01:39Dr. Sri, this year was a major year for the government in terms of reforming the petrol subsidies.
01:44It has done that, right?
01:46So, are there any clues as to how you will try to narrow the budget deficit for next budget?
01:53I think we've done well because the whole government has worked very, very hard to embrace a much stronger discipline.
02:01Similar to the framework that we said, Tata Kelola is an important element to do.
02:06And when we tabled the Fiscal Responsibility Act 2023, we ensured that fiscal deficit was a target that we have to bring down below 3% in the medium term.
02:19And we've made a good progress.
02:21If you go back about four years ago, fiscal deficit over GDP was about 6.1%.
02:27Last year, we came down to 4.1% already.
02:30And insyaAllah this year, we will try to get to 3.8%.
02:34So, we are on track to actually achieve the targets that we've done.
02:37This is through what we've looked at in terms of making sure that we are removing wastages that happen and also by re-looking four principles.
02:50When we look at subsidy, it is important that the right people within this country receive the subsidy.
02:56That is a given.
02:58But we must cut out when there are leakages, when the subsidy doesn't go to the unintended basis that we remove it back.
03:04And then when we are able to do that, we are able to do two things.
03:08One is actually reduce the fiscal deficit because the expenditure gets less.
03:13But the second is also reuse some of the savings also in order to increase delivery to the rakyat.
03:19We've seen a government do that in terms of increasing the social assistance, whether that is SARA, penghargaan SARA or the SDR.
03:29We've seen that also in terms of the Bantuan Warga Emas which has also gone up throughout a few years.
03:35And putting emphasis in terms of providing better infrastructure to the country.
03:42So improving schools, improving hospitals remain the core priority and we will do it based on the penjimatan that we actually get.
03:59There's an increase in the energy.
04:02And this is the west side from the Pantuan Warga Emas.
04:09Baituan Warga Emas.
04:11The top of the Pantuan Warga Emas.
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