Kuala Lumpur:Budget 2027 is set to enhance Malaysia's long-term competitiveness and economic growth, while also addressing the cost of living by implementing measures to increase wages and broaden opportunities, as stated by Khazanah Nasional Bhd.
According to BERNAMA News Agency, Khazanah's managing director, Datuk Amirul Feisal Wan Zahir, emphasized the significance of the budget as Malaysia navigates a challenging global environment characterized by geopolitical uncertainty, supply chain disruptions, and high fuel prices due to ongoing conflicts in West Asia.
Budget 2027 focuses on quality growth by targeting strategic sectors such as semiconductors, energy transition, infrastructure, enterprise development, and talent, aiming to build a stronger, more competitive, and future-ready economy. These priorities are crucial for deepening Malaysia's industrial base, enhancing economic complexity, and creating higher-value opportunities for businesses and workers.
The budget maintains an inclusive approach to ensure that national development benefits all segments of society, including workers, youth, entrepreneurs, Bumiputera companies, micro, small, and medium enterprises (MSMEs), and communities facing economic and climate-related challenges. A focus on vendor development, innovation, and access to new markets is expected to create further opportunities for Bumiputera businesses to expand.
Khazanah will support the government's economic and development priorities through initiatives such as Dana Impak, Jelawang Capital, Dana Ciptawan, Dana Warisan, K-Youth, Bakat MADANI, and Yayasan Hasanah, which promote enterprise development, talent, innovation, community resilience, and long-term national competitiveness. Collaboration with other government-linked investment companies under the Ministry of Finance's GEAR-uP programme is planned to effectively mobilize capital through disciplined investments, catalytic partnerships, and impact-driven programmes.
Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim tabled Budget 2027, which amounts to RM459.8 billion, consisting of RM376.8 billion in federal operating expenditure and RM83 billion in federal development expenditure.