Anwar to table 2027 Budget at 3.30pm today

On October 25, 2023, Prime Minister Datuk Seri Anwar Ibrahim will introduce the 2027 Budget in the Dewan Rakyat at 3:30pm. This marks the fifth budget under his Madani Government, which focuses on equitable growth and strengthening national economic resilience. The budget will be live-streamed on television and social media.

The 2027 Budget builds upon the previous budgets and adheres to the three Madani Economy pillars: raising growth potential, lifting living standards, and reforming public administration. Despite global uncertainties, Malaysia's economy remains resilient due to structural reforms like fiscal consolidation and subsidy rationalisation.

The budget outlines ten key focuses, including reducing regional disparities, easing living costs through aid programs, strengthening support for gig workers, and preparing for an ageing population by 2030. It also emphasizes improving basic services like education and healthcare, adopting technology in the public sector, enhancing worker welfare, and supporting local entrepreneurs.

Anwar expressed confidence that the 2027 Budget would strengthen economic resilience, alleviate living costs, create opportunities, and ensure equitable development benefits. The Supply (Budget) Bill 2027 will undergo eight days of debate in Parliament starting next week, followed by committee stage debates and a final vote in the Dewan Rakyat.