Budget 2027: Government-owned Entities Bill to be drafted next year, RM1.1b for enforcement agencies’ operations

Budget 2027 will allocate RM1.1 billion to strengthen enforcement agencies, including the police and the Malaysian Anti-Corruption Commission (MACC), according to Finance Minister and Prime Minister Datuk Seri Anwar Ibrahim. In his address to the Dewan Rakyat, Anwar stated that the government will draft a new Government-Owned Entities Act to enhance good governance in government-owned companies and bodies, preventing financial scandals like 1MDB and mismanagement of Tabung Haji and Felda from repeating.

With the Government Procurement Act set to take effect in 2027, the government aims to improve transparency by publishing project details, including contractors and contract values. Anwar emphasized that revenue from loan repayments, including education and business loans, disbursed to federal statutory bodies, must be used solely for approved purposes and target groups.

The Prime Minister also highlighted recent administrative reforms, such as abolishing mandatory death penalty and suicide penalties, and enacting the Online Safety Act and Anti-Bullying Act. He noted that the most challenging change his administration has undertaken is limiting its own powers, working towards securing a two-thirds majority to cap a prime minister's tenure to two terms.