US EditionMalaysia PM Anwar Unveils Record US$111.4 Billion Budget 2026
Malaysia’s Budget 2026 allocates RM470 billion with targeted subsidies saving RM15.5 billion annually, supporting fuel, electricity, and essential food for qualified groups.
- On Friday , Prime Minister Dato' Seri Anwar Ibrahim tabled a RM470 billion Budget 2026 in Dewan Rakyat, with targeted subsidies saving about RM15.5 billion annually, the government says.
- Faced with misuse of blanket subsidies, the government says targeting helps ease cost-of-living pressures while narrowing the fiscal deficit target of 3.5% next year.
- As a result of those measures, floating chicken and egg prices saved RM1 billion each while electricity tariff restructuring yielded RM6 billion savings with 85% of electricity consumers unaffected.
- The government says saved funds will be redirected to rakyat-focused welfare, cost-of-living support and infrastructure, with Sabah receiving RM6.9 billion, Sarawak RM6 billion, and a special grant of RM600 million.
- Parliament will debate the budget starting Oct 13 for eight days, with ministry responses due from Oct 29 after BUDI95 served more than 10 million Malaysians at RM1.99 per litre.
12 Articles
12 Articles
Budget 2026: Malaysia Saves RM15.5 Billion Per Year via Targeted Subsidies, Including for RON95 - WORLD OF BUZZ
During the tabling for Budget 2026 in the Parliament today (10 October), Prime Minister Dato’ Seri Anwar Ibrahim revealed that the targeting of subsidies is saving the nation around RM15.5 billion per year. The targeting of RON95 petrol subsidies has the potential to save at least RM2.5 billion, with qualified Malaysians being able to enjoy lower fuel prices at RM1.99 per litre. In the meantime, PMX also said that floating the price of chicken s…
Malay Mail
AlKhaleej TodayMoF: Budi95 delivering billions in savings, strengthening targeted assistance
KUALA LUMPUR, Oct 10 — The Budi95 programme is projected to generate savings that will be directed towards strengthening targeted social assistance such as the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (Sara), ensuring fiscal resources are channelled more effectively to the vulnerable group, according to the Ministry of Finance (MoF).Under the Budi95 programme, Malaysian citizens with a valid driving licence are entitled to purchase…
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