2027 budget to focus on cost of living and investments, says Fahmi
The federel budget proposals for next year are expected to be tabled in Parliament on Oct 9.
Government spokesman Fahmi Fadzil has announced that Malaysia's 2027 budget will concentrate on alleviating the burden of rising living costs and boosting investments, according to Bernama. The preparation of the budget will take into account various factors, including global crude oil prices. Speaking after launching a Merdeka programme in Kuala Lumpur, Fahmi emphasized that the government's main focus for the 2027 budget is to comprehensively address living costs.
He added that projections for crude oil prices, which are typically considered benchmarks, will be among the factors considered in the budget. Fahmi also highlighted the importance of attracting both local and foreign investments, as well as supporting the implementation of the 13th Malaysia Plan (13MP). The communications minister underscored the priority of ensuring comprehensive internet connectivity, particularly in rural areas, and the need to ensure the sustainability of the media industry.
Additionally, the ministry is exploring incentives to attract international events and film productions to Malaysia. The 2027 budget is set to be presented to Parliament on October 9.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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