In a strategic move to bolster economic stability amid global uncertainties, Malaysia is set to enhance its tax collection and strengthen social protection systems next year, as Prime Minister Anwar Ibrahim announced in parliament on Friday. The 2026 budget features a record 470 billion ringgit allocation, which integrates investments from various state-linked entities.

The increased budget reflects Malaysia's commitment to reducing its deficit while pursuing economic development goals outlined in a five-year plan. Anwar spotlighted fiscal discipline and institutional strengthening as crucial paths for the nation's long-term sustainability. Noteworthy in this budget are the proposed carbon and higher 'sin' taxes.

Further measures, including the removal of certain subsidies and a focus on

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