2027 Budget: Govt sets aside RM1.26bil for Felda, settlers' welfare

The Malaysian government has allocated RM1.26 billion in the 2027 Budget to bolster the finances of Federal Land Development Authority (Felda) and ensure the well-being of its settlers. Prime Minister Datuk Seri Anwar Ibrahim disclosed that 109,000 settlers now possess land titles, and their average monthly net income has risen from RM2,272 in 2023 to RM3,800 in the current year.

Speaking during the tabling of the 2027 Budget at Dewan Rakyat, Anwar, who serves as the Finance Minister, elaborated on the funds earmarked for strengthening Felda's financial stability, maintaining infrastructure, and providing housing for future generations of Felda settlers. The Prime Minister also highlighted the delisting of FGV Holdings Bhd, which has further fortified Felda's financial position, enabling it to safeguard settlers' welfare.

According to the Finance Ministry, as of September 30, Felda's outstanding government-guaranteed loans amounted to RM5.88 billion, following principal repayments totaling RM3.04 billion. The ministry also disclosed that the government has approved guarantees worth RM9.9 billion to facilitate Felda's access to financing from local financial institutions and the capital market for various projects, investments, and the Felda Recovery Plan.