2027 Budget will ensure country's economic sustainability and resilience, says deputy minister
KOTA BARU: The 2027 Budget, which will be tabled in October, will ensure the sustainability of the national economy so that it remains within the projected economic growth range.
The 2027 Budget, set to be unveiled in October, aims to maintain economic stability and resilience, according to Deputy Economy Minister Datuk Seri Mohd Shahar Abdullah. Despite a projected economic growth rate of four to five percent, the country's GDP growth for the second quarter reached six percent. However, the minister emphasizes that complacency is not an option and stresses ongoing monitoring through meetings with diverse stakeholders, including industry players, associations, and individuals.
He clarifies that policy formulation involves multiple sectors, not just one, and thus communication is crucial. The minister highlights the importance of the 13th Malaysia Plan, a five-year framework, alongside the short-term budget. He assures that any short-term challenges will be addressed through the budget. The upcoming budget is anticipated with interest as citizens seek insight into the government's plans to address the global crisis and implement various initiatives.
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