Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Monday, October 12, 2026

No New Taxes for Budget 2027? Amir Hamzah Points to Cutting Leakages

Finance Minister II Datuk Seri Amir Hamzah Azizan says the government is confident it can spend the RM510 billion allocated in Budget 2027 without introducing any new taxes, Malay Mail reports. He made the remarks on the RTM programme Bicara Naratif, saying the focus is on stronger governance to reduce wastage and improve economic efficiency.

The numbers need careful reading. Live coverage by the New Straits Times and Malaysiakini describes the government allocating RM459.8 billion for the 2027 Budget, while Amir Hamzah refers to RM510 billion. The difference may reflect different definitions, such as which spending is included, but I could not confirm that from the sources reviewed. Readers should check the official Budget documents when comparing figures.

Other numbers from the live coverage give context. The fiscal deficit for 2026 is projected at 3.6 per cent compared with an original target of 3.5 per cent, and the economy is projected to grow by 4.8 to 5.3 per cent in 2026 and 4.2 to 5.2 per cent in 2027. Over RM80 billion is allocated for subsidies, aid and incentives.

The claim that spending can rise without new taxes depends on plugging leaks, improving collection and attracting investment. Supporters say governance reform is overdue; sceptics will ask how much can be saved and how quickly. Amir Hamzah also mentioned plans for new laws to ensure responsible government spending. Watch for the details of those proposals, and for the parliamentary debate on the Supply Bill, where the opposition is expected to press for clarity.

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BBC News Asia

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As I Was Saying...

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*SUSAN LOONE's Blog*

Rantings byMM