Fahmi: 2027 Budget to put greater focus on cost of living

The government of Malaysia plans to prioritize cost-of-living issues more extensively in the 2027 Budget, amid a volatile global geopolitical landscape. Government spokesman Datuk Seri Fahmi Fadzil revealed that budget planning would also account for external factors, including fluctuations in global crude oil prices. The 2027 Budget will primarily focus on comprehensively addressing cost-of-living concerns, considering the ongoing geopolitical situation that remains unresolved.

Fahmi discussed these plans during the launch of the 2026 Kembara Merdeka Jalur Gemilang X JAGO programme for Kuala Lumpur and Putrajaya's Federal Territories, held at Taman Seri Sentosa Market. The budget will also prioritize projects capable of swiftly resolving public concerns, while attracting more domestic and international investment to bolster the 13th Malaysia Plan.

For the Communications Ministry, Fahmi emphasized expanding internet access, particularly in remote areas, and explored media sustainability issues. He also mentioned incentives to attract international events and film productions to Malaysia, like the Concerts and Events in Malaysia Incentive (CIME) and Filming in Malaysia Incentive (FIMI).

These incentives are currently being reviewed by the ministry following feedback from the Finance Ministry.