Budget 2027: Most reform-minded budget in history, says Guan Eng

Former Finance Minister Lim Guan Eng hailed Budget 2027 as the most reform-minded fiscal policy in recent memory. However, he acknowledged there is still room for improvement, particularly in allocations for non-Malays. Lim emphasized that his proposed 10% share of total Bumiputera allocations would ensure fair and equitable distribution of taxpayers' money without reducing any Bumiputera funding.

The DAP adviser advocated expanding the welfare safety net to include needy groups such as gig economy workers, the disabled, and senior citizens. He also called for adjusting the personal tax rate to rectify past injustices. While praising these steps, Lim expressed a desire for more substantial reforms to address the rising cost of living and support micro, small, and medium enterprises (MSMEs).

Additionally, he urged the Inland Revenue Board (LHDN) to expedite rebates of excess taxes to the working class, particularly MSMEs, to stimulate domestic consumption and bolster the economy amid global economic uncertainty.