Malaysia's 2027 budget preparation continues with Ekonomi Madani framework

Malaysia's Ministry of Finance is actively preparing the 2027 budget, which is slated for presentation to Parliament in October. The process involves extensive consultations with various ministries and public engagements across the country. Second Finance Minister Datuk Seri Amir Hamzah Azizan stated that the ministry, along with relevant government bodies, is intensifying these discussions.

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As usual, this effort takes a long time and should be in line with the direction set by the government.

The government is committed to using the Ekonomi Madani framework as the primary foundation for the 2027 budget. This will be complemented by existing national policies, including the 13th Malaysia Plan (RMK-13), the National Energy Transition Roadmap (NETR), and the New Industrial Master Plan 2030 (NIMP 2030). Amir Hamzah emphasized that these efforts require significant time and must align with the government's overall direction.

"As usual, this effort takes a long time and should be in line with the direction set by the government," Amir Hamzah said during a press conference after observing the first day of the Budi Madani Diesel initiative. He was responding to inquiries about the initial direction of the 2027 budget, considering the nation's financial standing and ongoing government austerity measures.

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Within the government, we use the Ekonomi Madani framework as the most important structure, where we see our efforts to increase the ceiling and increase the floor as two important indicators to stimulate the economy going forward.

"Within the government, we use the Ekonomi Madani framework as the most important structure, where we see our efforts to increase the ceiling and increase the floor as two important indicators to stimulate the economy going forward," he explained. "So I don't want to pre-empt the budget, what's important is that our structure is consistent. We use the Ekonomi Madani framework and any policies we have issued through RMK-13, NETR, NIMP, as indicators of the policy direction the government will take. And we will continue to develop the country towards becoming a developed nation by 2030."

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So I don't want to pre-empt the budget, what's important is that our structure is consistent. We use the Ekonomi Madani framework and any policies we have issued through RMK-13, NETR, NIMP, as indicators of the policy direction the government will take. And we will continue to develop the country towards becoming a developed nation by 2030.