Dewan Rakyat passes Bill to protect wealth for future generations
Malaysia's Dewan Rakyat has passed the National Trust Fund Bill 2026 to better manage and preserve national wealth for future generations. The legislation mandates minimum government contributions and restricts withdrawals to specific sectors like education and healthcare.
Why it matters
This fiscal policy change aims to ensure long-term economic stability and sustainable resource management for the country.
PETALING JAYA: The Dewan Rakyat passes the National Trust Fund (KWAN) Bill 2026 to secure intergenerational savings and preserve long-term wealth for future generations of Malaysians.
The Finance Ministry in a statement on Friday (July 17) said that the legislation overhauls the 1988 framework to establish a sustainable financial reserve for present and future citizens.
It said that a new statutory body, Kumpulan Wang Amanah Negara (Incorporated), will manage the fund. Bank Negara Malaysia will continue managing the fund during the transition period. The fund stood at RM22.43bil at the end of 2024.
New legally binding rules mandate minimum contributions. The Federal Government will be required to contribute at least 0.1% of its projected annual revenue, in addition to 2% of Petronas dividends received by the government and 2% of export duties from depleting natural resources after deductions for state governments.
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