the sun malaysia ipaper logo 150x150
Monday, October 12, 2026
27.4 C
Kuala Lumpur
the sun malaysia ipaper logo 150x150

Dewan Negara approves RM470 billion Budget 2026 for Malaysia

Special coverage

Budget 2027

Aid, taxes and what it means for your wallet.

Read our coverage

The Dewan Negara passed the RM470 billion Supply Bill 2026, focusing on economic balance and social development under the 13th Malaysia Plan.

KUALA LUMPUR: The Dewan Negara today passed the Supply Bill 2026.

The bill was approved by a majority vote following its third reading by Finance Minister II Datuk Seri Amir Hamzah Azizan.

It was passed after seven days of debate and winding-up speeches.

The bill was initially presented by Prime Minister Datuk Seri Anwar Ibrahim on Dec 2.

In his closing remarks, Amir Hamzah said Budget 2026 continues to balance economic and social development.

“Budget 2026 places strong emphasis on the people, with the aim of improving their standard of living and well-being, strengthening the national economy, and ensuring that the country’s financial management remains sustainable,” he said.

Budget 2026 is the fourth budget under the MADANI Government.

It is the first budget to be implemented under the framework of the 13th Malaysia Plan.

Themed “People’s Budget,” it allocates RM470 billion in public spending.

This includes RM338.2 billion for operating expenditure and RM81 billion for development expenditure.

It also includes investments by government-linked companies totalling RM30 billion.

A further RM10 billion is allocated for public-private partnerships.

An additional RM10.8 billion is for Federal statutory bodies and companies owned by the Minister of Finance Incorporated. – Bernama

STAY AHEAD OF THE CURVE

Join our community for instant updates and exclusive content.

Join Telegram Channel

Related


spot_img

Latest News

Two cable theft suspects arrested after high-speed chase

Two men were arrested following a police pursuit from Bukit Antarabangsa to Setiawangsa, where officers discovered sharp weapons, cable-theft tools and drugs in their vehicle.

World Health Summit 2026: Berlin Becomes Global Meeting Point for the Future of Health

BERLIN, GERMANY – Newsaktuell – 11 October 2026 – The World Health Summit (WHS) 2026, the leading platform for global health, brings together more than 4,000 participants from 130 countries in Berlin and tens of thousands more online from October 11 to 13.

MCMC has added more than 1,000 Wi-Fi access points at UMS – Teo

The Malaysian Communications and Multimedia Commission has added around 1,010 Wi-Fi access points at Universiti Malaysia Sabah to expand campus internet coverage, says Teo Nie Ching.

Most Viewed

spot_img