Finance Minister Amir Hamzah says 2027 budget can be funded without new taxes
Finance Minister Amir Hamzah Azizan asserted that the RM510 billion budget for 2027 can be financed without introducing additional taxes.
In a broadcast on RTM 1, Finance Minister Amir Hamzah Azizan said the Malaysian government is confident it can allocate the RM510 billion earmarked for Budget 2027 without imposing fresh taxes. He highlighted a focus on better governance to eliminate leakage and waste in public finances, aiming for more effective use of funds. Hamzah pointed to improving economic indicators and sustained foreign investment as signs of a solid fiscal base.
He added that the government will introduce several new laws to tighten revenue management and boost the efficiency of expenditures. The minister stressed that prudent spending will support economic growth and benefit citizens. The remarks were part of the “Budget 2027: Reaching For The Skies, While Anchored on Our Values” program.
Why it matters
The statement signals Malaysia's fiscal strategy and its intent to avoid new taxes while managing a large national budget.
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