RM510b but no new taxes? Amir Hamzah says 20227 Budget possible through cutting leakages

KUALA LUMPUR, Oct 13 — Finance Minister II Datuk Seri Amir Hamzah Azizan is confident the government can spend the RM510 billion allocated in Budget 2027 without implementing any new taxes. The government has consistently highlighted governance to reduce leakage and wastage in the current system, aiming to improve the efficiency of national spending.

Hamzah emphasized that the government's strategy is to ensure every expenditure leads to the improvement of the country's economy and benefits the people. "When we focus and carry out our responsibilities well, the government and the country will be more successful in the future," he stated during a program aired on RTM 1 titled "Budget 2027: Reaching For The Skies, While Anchored on Our Values."

The strong economic data from the country indicates foreign investors' continued confidence in Malaysia, which can generate national income. However, Hamzah stressed that the most crucial aspect is ensuring that the revenue is used wisely, closing gaps for any leaks, and increasing returns more efficiently through government expenditure. This goal will be linked to the introduction of several new laws.