Budget 2027 may bring new relief for squeezed M40
MIDDLE-income Malaysians could receive additional financial support under Budget 2027 as the Government moves to address mounting cost-of-living pressures on households. Political Secretary to the Finance Minister Muhammad Kamil Abdul Munim said the ...
The Malaysian government is planning to introduce new relief measures in the 2027 budget to alleviate financial burdens faced by middle-income households, particularly those in the M40 income bracket, amid rising cost-of-living pressures. Political Secretary to the Finance Minister, Muhammad Kamil Abdul Munim, stated that both the M40 income group and vulnerable groups are among the most affected by current economic conditions.
The government is evaluating targeted measures specifically designed to address the needs of these groups. Kamil emphasized that the forthcoming budget will be more inclusive and directly aimed at the people, addressing key socio-economic challenges. The government is currently engaging with key stakeholders to finalize the national supply bill, which is set to be presented by Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in the Dewan Rakyat on October 9.
Existing assistance programs, such as Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA), will be reinforced to further ease financial strain on households. Kamil also noted that the government is exploring potential improvements to existing measures and additional financial assistance for the M40 segment, all while striving to maintain political and economic stability for the successful implementation of policy measures.
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