Harga minyak naik tak jejas rancangan pembangunan Belanjawan 2027

Menteri Ekonomi Akmal Nasir assured that the rise in global oil prices will not disrupt the country's development plans under the 2027 budget. The minister emphasized that the government will continue to allocate funds for national development regardless of the impact of oil price increases on subsidies and the fiscal space. Akmal stated that while managing oil prices is a pressing issue in the short term, long-term commitment remains essential.

He highlighted the uncertainty in oil price movements, which can be influenced by various factors, making it challenging to predict the extent of changes.

Managing the fiscal impact of rising oil prices is a task that should be handled by the Ministry of Finance, according to Akmal. The ministry remains committed to ensuring that the burden of increased oil prices on the public is minimized as much as possible. While the fiscal space for absorbing these costs will be utilized, as explained by Prime Minister Anwar Ibrahim or the Finance Ministry, it will not affect the development plans under the Ministry of Economy.

The primary focus of the Ministry of Economy for the 2027 budget, according to Akmal, is to ensure that productive firms continue to grow and enhance the ability of vendors in terms of technology and innovation. The global oil price movement is currently taking place in an uncertain market environment, influenced by geopolitical developments in the Middle East.

The current price of Brent is around USD100 per barrel. The 2027 budget, the fourth Madani budget, will be presented in Parliament on October 9th, with the government emphasizing its focus on growth, high-value jobs, competitiveness, and high-value-added economic development.