KUALA LUMPUR, Oct 9 — Malaysia’s consolidated public sector (CPS) financial position remains sound and well-managed, driven by ongoing public finance reforms and disciplined fiscal management across all levels of government.
The Ministry of Finance (MoF), in its Fiscal Outlook and Federal Government Revenue Estimates 2027 report released today, said that this performance is driven by the institutionalisation of the Public Finance and Fiscal Responsibility Act 2023 (Act 850), as well as the proposed legislation on government-owned entities.
“The federal government continues to enhance fiscal transparency while strengthening its governance and oversight role across public sector entities.
“Each layer of government is responsible for contributing to national development through strategic investment in critical infrastructures and social programmes to ensure the well-being of the rakyat,” it said.
