Malaysia Plans $144b Budget for 2027 Ahead of Possible Election
The budget lifts Petronas dividends to RM32 billion and sets a 3.3% deficit target as Malaysia faces higher subsidy costs and election pressure.
6 Articles
6 Articles
2027 budget totals RM510bil, says Anwar
With the fiscal deficit projected to reduce to 3.3% next year, Prime Minister Anwar Ibrahim expressed confidence this would further reduce to 3% in 2028.KUALA LUMPUR: The 2027 budget will total to about RM510 billion after taking into account investments from government-linked investment companies (GLICs), the private sector as well as statutory bodies.Prime Minister Anwar Ibrahim said that on top of the RM459.84 billion expenditure by the feder…
Malaysia plans $144b budget for 2027 ahead of possible election
KUALA LUMPUR — Malaysia's government on Friday proposed a moderately expansionary budget of 459.8 billion ringgit (S$144 billion) for 2027, ramping up spending ahead of a possible election despite growing fiscal pressure from a jump in global oil prices.Malaysia's annual subsidy bill has ballooned amid higher energy costs from the US-Israeli war on Iran, prompting a narrow upward revision of...
KUALA LUMPUR: Apart from the allocation figures, aid to the people and the direction of the country's economy, the colour of the Baju Melayu worn by Prime Minister Datuk Seri Anwar Ibrahim stole the attention during the tabling of the 2027 Budget today. A little puzzle that was among the things that were eagerly awaited was finally answered when Anwar wore a light blue cekak musang Baju Melayu. Earlier, Anwar arrived at Parliament ...
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