{
  "id": 13065823,
  "title": "Budget 2027 Visualised",
  "url": "https://urgent.news/2026/10/09/budget-2027-visualised",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T07:35:01.000Z",
  "source": {
    "name": "Malaysiakini",
    "slug": "malaysiakini-malaysiaki",
    "url": "https://www.malaysiakini.com/news/886660-budget-2027-visualised"
  },
  "original_language": "en",
  "account": "The 2027 Malaysian budget has been revealed, with an allocation of RM459.8 billion, marking the highest spending to date. This significant increase of RM40.6 billion over the previous budget is a response to the challenging economic climate of 2026, primarily driven by external factors such as the West Asia conflict. Despite the economic difficulties, the government has not reduced spending but rather allocated a budget focused on placating the public while maintaining fiscal responsibility. The economic turmoil has led to a steep rise in fuel prices, causing a RM24.9 billion increase in total expenditure for the year. The government has tried to offset this by implementing various cost-cutting measures such as remote work for civil servants and scaling down official events. However, the increase in spending is largely attributed to a significant rise in fuel subsidy costs, with the Finance Ministry estimating that the subsidies will cost RM40 billion this year, compared to the originally budgeted RM15 billion, and an additional RM25.5 billion increase. Despite the high allocation for fuel subsidies, the government expects prices to remain high for the year, with the fuel subsidy allocation close to the revised estimate. The budget shows an additional revenue of RM20.5 billion, mostly due to favorable investment performance of entities like Petronas and KWAP. This additional revenue, along with improved tax collection, is expected to bring the government's total revenue closer to the RM400 billion mark. The largest portion of the budget, 35.1%, is dedicated to the social sector, mainly focused on human capital development and public welfare. Civil servants and retirees receive the second-largest share, accounting for over 34% of total spending. The government aims to bring the fiscal deficit down from 3.6% to 3.3% in 2027, and it is expected to maintain total debt below 60% of GDP, as per the Public Finance and Fiscal Responsibility Act.",
  "summary": "What's in the RM459.8 billion spending bill which is RM40.6 billion larger than the last one.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}