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EconomicMalaysia·Unpinned9 Oct 2026

Malaysia announces 2027 budget plans and fiscal deficit targets

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On October 9, 2026, Malaysian Prime Minister and Finance Minister Anwar Ibrahim unveiled a RM459.8 billion expansionary budget for 2027, the fifth under his administration. The budget included measures such as raising the monthly minimum wage to RM2,000 by June 2027, providing tax relief for middle-income earners, and increasing support for gig workers and…

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