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3 clusters · 5 sources · 9 days · First seen · Last updated

Malaysia Budget 2027 preparation and priorities

Overview

The Malaysian Ministry of Economy began finalizing development proposals for Budget 2027 in mid-August. This process aimed to align national development with the 13th Malaysia Plan, focusing on infrastructure, high-value industries, and STEM initiatives, such as a RM12.3 million pilot project in Penang.

Economy Minister Akmal Nasrullah Mohd Nasir stated that the screening process was expected to conclude by mid-August, with findings subsequently submitted to the Ministry of Finance. Following the proposal stage, the government outlined ten key focus areas to support the MADANI Economy vision, including easing the cost of living, increasing income, and enhancing social protection through reviews of the Employees Provident Fund and Social Security Organisation.

Recent discussions between the Ministry of Finance and the Ministry of Transport have further refined priorities, specifically targeting transport connectivity. These initiatives aim to create a more integrated, efficient, and safe national transportation system. Key objectives include expanding network connectivity and improving ‘first-and-last mile infrastructure’ to assist citizens in reaching major transport hubs. Additionally, the government is prioritizing road safety and increasing transport access for rural communities to serve as a catalyst for economic opportunity and national competitiveness.

Entities

Ministry of Finance Malaysia · Amir Hamzah Azizan · Ahmad Zahid Hamidi · Ministry of Economy · Anthony Loke Siew Fook

Timeline

  1. 4 days ago

    [BUSINESS] 2 sources
    Malaysia Ministry of Finance targets transport connectivity for Budget 2027

    Malaysia's Ministry of Finance and Ministry of Transport are planning 2027 Budget initiatives to improve public transport connectivity, road safety, and rural access.

  2. 4 days ago

    [BUSINESS] 2 sources
    Malaysia outlines 10 key focus areas for Budget 2027

    Malaysia's 2027 Budget will focus on ten key areas, including easing cost of living, strengthening social protection, and prioritizing rural development and regional equality.

  3. 13 days ago

    [BUSINESS] 2 sources
    Malaysia Ministry of Economy to finalize Budget 2027 proposals by mid-August

    Malaysia's Ministry of Economy expects to finalize Budget 2027 proposals by mid-August, focusing on infrastructure, high-value industries, and the 13th Malaysia Plan.

Sources

berita.rtm.gov.my · beritajatim.com · highway81revisited.com · kosmo.com.my · malaysiadateline.com

This summary has been updated 1 time: see revision history