Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Kejayaan Belanjawan 2027 bergantung pada pendapatan rakyat, peluang kerja

Pengerusi PN Ahmad Samsuri Mokhtar berkata belanjawan berjumlah RM459.8 bilion merupakan komitmen perbelanjaan besar dan perlu dipantau dengan teliti.

Kejayaan Belanjawan 2027 bergantung pada pendapatan rakyat, peluang kerja

The success of the 2027 Budget hinges on improving the people's income, creating high-quality jobs, and easing living expenses, according to PN Chairman Ahmad Samsuri Mokhtar. The RM459.8 billion budget showcases a large commitment to spending, but the growing debt service charge demands that fiscal discipline and budget management continue to be strengthened.

Out of the RM459.8 billion allocated, RM376.8 billion goes towards administration and RM83 billion towards development spending. With the debt service charge reaching RM61 billion, fiscal discipline and budget management are essential to ensure the country's financial ability in the long term, he stated in a statement. The remaining RM50.2 billion involving investments in state-related entities and public-private partnerships also needs to be closely monitored to evaluate its economic benefits and financial commitments.

The Terengganu Chief Minister also welcomed financial assistance from the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rakyat (SARA), as well as efforts to increase workers' income. However, the long-term priority should be to boost people's purchasing power, create equal job opportunities, and strengthen local businesses. Under the 2027 Budget, all STR beneficiaries will receive SARA assistance of RM150 per month in 2027 or RM1,800 annually.

This step follows the increase in the number of funds allocated to both schemes, now amounting to RM16 billion for 2027, up from RM15 billion in the previous year. The government also announced an increase in the minimum wage from RM1,700 to RM2,000 per month starting June 2027, which will benefit over four million workers.

Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at freemalaysiatoday.com →

More in Finance & Markets

More from Sunday 11 October →