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Prime Minister Anwar Ibrahim has committed to raising defence spending in the 2027 budget to enhance military readiness and troop welfare, citing improved economic conditions and a stronger ringgit.
Malaysia's government will seek to increase defence spending under Budget 2027, targeting modernisation of the Malaysian Armed Forces and improvements to personnel welfare, housing, and healthcare facilities.
The Ministry of Entrepreneur Development and Cooperatives is conducting nationwide stakeholder consultations to shape 2027 budget proposals, with focus on strengthening MSMEs and cooperatives through the ABCD framework.
Malaysia's Economy Ministry has projected RM58 billion in development expenditure for 2027, maintaining its strategy of dedicating 70 per cent to fundamental infrastructure initiatives while sustaining economic growth momentum.
Prime Minister Anwar Ibrahim has announced that the government will commence work on Budget 2027 in August, with the spending plan set for tabling in early October. The budget will prioritize improving citizens' living standards over raw economic expansion.
Deputy Prime Minister Ahmad Zahid Hamidi has indicated that Budget 2027 will consider funding requests for new rural roads in Sabah and Sarawak that currently lack connectivity to major urban centres.