17 key takeaways from Malaysia’s 2027 budget – ‘live with dignity’
Por Iman Muttaqin Yusof — South China Morning Post – News feed
Advertisement Malaysia This Week in Asia Economics 17 key takeaways from Malaysia’s 2027 budget – ‘live with dignity’
The government is projecting slower economic growth and higher inflation in 2027 as it seeks to narrow the deficit
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Iman Muttaqin Yusof in Kuala Lumpur Published: 7:58pm, 9 Oct 2026 Updated: 8:01pm, 9 Oct 2026 Malaysia plans to spend 460 billion ringgit (US$112.6 billion) under its 2027 budget, expanding welfare assistance and tax relief while retaining fuel subsidies as households contend with higher living costs. Prime Minister Anwar Ibrahim , who is also finance minister, presented the spending plan in parliament on Friday as his government faces pressure for an early election following a series of state poll defeats.
Anwar said the budget should be judged on “whether more people can live with dignity” as the government forecast slower economic growth and higher inflation next year while targeting a narrower deficit.
Here are the key figures and measures in Malaysia’s 2027 budget:
– Federal spending will reach 459.8 billion ringgit, compared with a revised 444.1 billion ringgit in 2026, with 376.8 billion ringgit allocated to operating expenditure and 83 billion ringgit to development, mostly in infrastructure.
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