Anwar to table 2027 Budget at 3.30pm today

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim will table the 2027 Budget in the Dewan Rakyat at 3.30pm today.

The tabling marks the fifth budget under his Madani Government, anchored by a commitment to ensure high-value growth translates equitably into the people's well-being while strengthening national economic resilience.

It will be broadcast live on local television stations and social media platforms.

According to a pre-budget statement on the Finance Ministry website, the 2027 Budget builds on the foundation set by previous budgets.

As the second budget under the 13th Malaysia Plan (13MP), it continues to pursue the three Madani Economy pillars: raising the growth ceiling, raising the living standards floor, and driving public administration governance reforms.

The Finance Ministry said Malaysia's economy remains resilient following bold structural reforms, including fiscal consolidation and targeted subsidy rationalisation, despite global geopolitical uncertainties and international supply chain disruptions.

The 2027 Budget outlines 10 key focuses, including narrowing regional disparities, easing living costs through targeted aid like Sumbangan Tunai Rahmah (STR) and Budi Madani, strengthening the gig worker social safety net, and preparing for an ageing population by 2030.

Attention will also go to basic services such as education and healthcare, technology-driven public sector transformation via Government Technology (GovTech), workers' welfare through dignified wages, empowering local entrepreneurs through the 'Made by Malaysia' initiative, and securing high-value investments in semiconductors and artificial intelligence (AI).

In a post on X yesterday, Anwar expressed hope that the 2027 Budget would strengthen economic resilience, ease living costs, expand opportunities, and ensure development benefits are shared equitably.

According to the Parliament portal calendar, the Supply (Budget) Bill 2027 will be debated at the policy stage for eight days starting next week.

Ministerial winding-up speeches are scheduled from Oct 26 to 29, followed by the committee stage debate from Nov 2 to 26 before the Bill is put to a vote in the Dewan Rakyat. — BERNAMA