(Bloomberg) -- Malaysia's lawmakers are expected to discuss the budget of Prime Minister Anwar Ibrahim in one or two months, his economy minister said.
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Under Anwar, the Southeast Asia nation will strengthen industries that will enable it to become a high-income nation over the medium term, Economy Minister Rafizi Ramli said in Kuala Lumpur on Monday.
Malaysia seeks to exit the middle-income trap with a "strong focus" on the most vulnerable groups in society, sustainable development goals, technology and the knowledge economy, said Rafizi.
As part of Anwar's economic team, Rafizi -- who worked as an accountant with state oil and gas producer Petroliam Nasional Bhd for about six years before quitting to focus on politics -- will be helping set the direction for the economy through policies that seek to boost investment and reduce unemployment.
Anwar's immediate challenge will be to present a budget to steer the economy through the pressures of lingering inflation, a weak currency and an unfavorable global economic environment.
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