CAP: 2027 Budget benefits Malaysians, but key concerns remain
GEORGE TOWN: The Consumers’ Association of Penang (CAP) has raised concerns over the 2027 Budget, highlighting risks in healthcare funding, subsidy sustainability and retirement security.
The Consumers Association of Penang (CAP) has voiced concerns over the 2027 Budget, noting risks in healthcare funding, subsidy sustainability, and retirement security. CAP President Mohideen Abdul Kader highlighted the risks, emphasizing the need for a genuine living wage model to protect workers' purchasing power. The association cautioned against continued reliance on blanket fuel subsidies due to their dependence on global geopolitical conditions and oil prices.
The Health Ministry's RM47.7 billion allocation for healthcare, a 2.5% increase from the previous year, was questioned for potentially undermining preventive healthcare programs and putting pressure on public hospitals. Retirement security was criticized as well, with the decision allowing EPF members aged 55 and below to use their Akaun Sejahtera savings for Medi-Asas medical insurance premiums.
CAP welcomed several initiatives, such as mandatory telematics systems for heavy commercial vehicles and free public transport for specific groups. The association emphasized the importance of continuous monitoring to ensure the government's 2027 Budget improves quality of life and promotes social justice for all Malaysians.
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