2027 Budget: Govt confident of RM510bil expenditure without introducing new taxes
KUALA LUMPUR: The government is confident it can fund the RM510 billion expenditure under the 2027 Budget without introducing new taxes, says Finance Minister II Datuk Seri Amir Hamzah Azizan.
Finance Minister II Datuk Seri Amir Hamzah Azizan expressed confidence that the government can fund a RM510 billion expenditure in the 2027 Budget without the need to introduce new taxes. He emphasized the government's focus on better governance to minimize leakages and wastage, as well as enhance the efficiency of public spending. The objective is to ensure that every expenditure is worthwhile, contributing to the country's economic growth and benefiting the people.
Hamzah highlighted the importance of focusing on responsibilities and delivering efficient results to strengthen the country's success in the future. He mentioned that Malaysia's improving economic data had attracted foreign investors' confidence, which could potentially boost national income. However, the most crucial aspect, according to him, is to ensure that when revenue is available, it is spent wisely, with any leakages addressed and increased returns obtained more efficiently through government expenditure, which will be facilitated by several new laws.
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