Anwar says RM7.5b Budget allocation will help Bumiputera contractors expand

KUALA LUMPUR, November 12 — Prime Minister Datuk Seri Anwar Ibrahim disclosed that Budget 2027's allocation of RM7.5 billion for Bumiputera G1 to G4 contractors aims to bolster their capabilities, enable business expansion, and execute projects essential for citizens. The finance minister, who is also Anwar, announced the increased allocation during a Facebook post, mentioning that discussions with Bumiputera contractors' associations centered on ensuring the budget initiatives favor small contractors.

Anwar emphasized his desire to foster competitive and ethical Bumiputera contractors, stressing that every project is a trust placed in the government's hands, requiring utmost professionalism, timeliness, and responsibility. The funding has been augmented from RM4 billion this year, and Anwar highlighted simplified procurement procedures, including raising the direct appointment limit for government facility maintenance and repair works to RM200,000.

These measures also encompassed financing initiatives to mitigate escalating diesel and bitumen costs.