KHAZANAH Nasional Bhd managing director Tan Sri Azman Mokhtar expects the 2014 Budget to be a balanced one that will ensure fiscal challenges are well-managed.
The budget, he said, needs to be fiscally responsible while maintaining growth and ensuring that the rakyat at large will not be left out from the growth.
He said currently, arising from the various transformation programmes undertaken by the government and the private sector, the country's economic imperatives are quite clear.
"So the issue for the budget will be around maintaining growth, making sure people at large get access to it and yet making sure fiscal challenges are managed," he said on the sidelines of the World Capital Markets Symposium 2013, here, yesterday.
Commenting on the capital market, Azman said its development has been steady and having gone through two major crises in the last 15 years, it had no doubt shown resilience.
"We went through the 1998 financial crisis, which offered us the opportunity to implement more reforms, and by 2008, when the global financial crisis took place, we could see how resilient our market was," he said.
He also said arising from such resilience, Malaysia now has a strong savings pool and a well-established Islamic capital market strongly supported by a pool of market players and regulators.
Azman added that to face any challenges arising from the country's new economic model, the capital market should be used as part of the solution and not the problem and "that should be used as a basis to help not just growth but also the country's development".