Budget 2027: Malaysia’s 3.3pc fiscal deficit target achievable, says Tengku Zafrul
KUALA LUMPUR, Oct 13 — Malaysia is capable of achieving its fiscal deficit target of 3.3 per cent of gross domesti...
Malaysia is on track to meet its fiscal deficit target of 3.3 per cent of GDP for Budget 2027, according to Datuk Seri Tengku Zafrul Abdul Aziz, the Malaysian Investment Development Authority (Mida) chairman and a senior political advisor to the Prime Minister. The country's fiscal position has improved over the past three years, with the deficit decreasing from 5.5 per cent in 2022.
Tengku Zafrul believes that if global geopolitical uncertainties, oil prices, and other assumptions underpinning the budget remain as expected, Malaysia can achieve its deficit target. The 2027 budget is seen as a responsible one, balancing investment incentives with efforts to ensure economic growth benefits a wider segment of Malaysians and businesses.
Tengku Zafrul highlighted that the budget considers the interests of various stakeholders, supporting both lower- and higher-income groups. Investments by government-linked investment companies (GLICs), government-linked companies (GLCs), and institutions like Khazanah Nasional Bhd and the Employees Provident Fund are viewed positively, boosting investor confidence in Malaysia.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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