Budget screening nears completion, Economy Ministry to forward 2027 development proposals to MoF
GEORGE TOWN, Aug 10 — The Economy Ministry expects to complete its screening of development expenditure proposals...
Economy Minister Akmal Nasrullah Mohd Nasir stated that the Economy Ministry anticipates finalizing development expenditure proposals for 2027 by mid-month. The proposals will then be forwarded to the Finance Ministry for approval. Akmal explained that the Economy Ministry is currently in the final stages of the Budget screening process as part of its preparations for the Second Rolling Plan (RP2) under the 13th Malaysia Plan (13MP).
The budget preparation process involves multiple stages, including input from implementing ministries. The Economy Ministry reviews development expenditure proposals, coordinates with other ministries, and makes recommendations for the following year. Akmal highlighted that the government aims to meet the requirements of the 13MP while ensuring sufficient capacity to implement programs and objectives.
He emphasized that new allocations will be considered alongside ongoing project requirements. Some initiatives have already been approved under the First Rolling Plan (RP1), while additional needs will be addressed under RP2. The minister also emphasized the importance of strengthening infrastructure, facilities, and agency preparedness in the upcoming budget.
Ultimately, the development spending for 2027 will focus on advancing the implementation of the 13th Malaysia Plan.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.