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Govt Announces Focus on Sustainable and People-Centric Economic Growth for Budget 2027

Kuala lumpur: The government will emphasise sustainable, inclusive, and people-centric economic growth in line with the MADANI Economy Framework: Empowering the People, as it formulates Budget 2027. The initiative aims to ensure fiscal policies and public expenditure not only support economic growth but also improve the overall quality of life.

According to BERNAMA News Agency, the Ministry of Finance (MOF) highlighted that the framework will prioritize strengthening social protection and targeted assistance, continuing gradual and targeted subsidy reforms, and increasing people's income and social mobility. Other focuses include enhancing essential public services, reinforcing fiscal sustainability, and accelerating digitalisation, artificial intelligence, and integrated data usage.

The MOF's statement was in response to a question from Datuk Seri Amirudin Shari (PH-Gombak) regarding the government's plans for Budget 2027. The ministry emphasized that guided by the MADANI Economy Framework, Budget 2027 will adopt an approach that balances economic growth, fiscal sustainability, and public wellbeing, ensuring more sustainable and effective government assistance for those in need.

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