Malaysia Budget 2027 to focus on cost of living, investment, economic resilience
Xinhua
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Malaysia's Budget 2027 will focus on easing cost-of-living pressures, strengthening social protection, improving public services and attracting high-value investment as the government seeks to build a more resilient and inclusive economy, the Ministry of Finance said on Tuesday.

The budget would be guided by ten focus areas, with key priorities including narrowing regional development gaps and strengthening support for vulnerable groups, micro, small, and medium enterprises (MSMEs), women and youth.

The government will also review social protection coverage for informal and gig workers as Malaysia prepares for an aging population, while expanding healthcare, education and digital skills.

On the economic front, Budget 2027 will prioritize investments that generate local supply chains, technology transfers, research and development and high-value jobs, particularly in semiconductors, artificial intelligence, digital services, energy transition, pharmaceuticals, logistics and aerospace.

The government will also promote home-grown businesses through financing, technology and export support, while improving public spending efficiency, procurement, governance and digital delivery.

Energy, food and cybersecurity will feature prominently, with measures to accelerate renewable energy, grid upgrades, energy efficiency, agricultural productivity and climate resilience.

The government will table Budget 2027 in parliament on Oct. 9, 2026, after consultations with stakeholders and the public.