2027 budget to focus on cost of living and investments, says Fahmi

Government spokesman Fahmi Fadzil disclosed that the 2027 budget will prioritize measures to address the increasing cost of living, according to an announcement made by Bernama. Fahmi indicated that the budget's preparation will consider various factors, including global crude oil prices, as reported by the government. Speaking after launching a Merdeka programme in Kuala Lumpur, Fahmi emphasized that the government's focus includes a more comprehensive approach to tackling cost of living concerns.

He highlighted that elements such as crude oil price projections, typically used as benchmarks, will be among the factors taken into account in the budget. Fahmi further stated that the 2027 budget will also aim to attract more domestic and international investments, supporting the implementation of the 13th Malaysia Plan (13MP).

Additionally, the Communications Minister stressed the importance of ensuring comprehensive internet connectivity, particularly in rural areas, and the sustainability of the media industry. Fahmi also mentioned that the ministry is considering incentives to draw international events and film productions to Malaysia. The 2027 budget is set to be presented to Parliament on October 9.