RM510b but no new taxes? Amir Hamzah says 2027 Budget possible through cutting leakages
Malaysian Finance Minister II Datuk Seri Amir Hamzah Azizan announced that the 2027 Budget will not include new taxes. The government plans to fund the RM510 billion allocation by improving spending efficiency and reducing systemic leakages.
Why it matters
This signals a shift toward fiscal consolidation and governance-led economic management in Malaysia, aiming to maintain investor confidence without increasing the tax burden.
KUALA LUMPUR, Oct 13 — The government is confident it can spend the RM510 billion allocated in Budget 2027 without introducing any new taxes, says Minister of Finance II Datuk Seri Amir Hamzah Azizan.
He said the government has always emphasised governance to reduce leakage and wastage in the current system to improve the efficiency of national spending.
“The government’s approach is to ensure that what we spend is money well spent to improve the country’s economy and for the people’s benefit.
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