KUALA LUMPUR: The 2027 Budget reflects the government's sustained commitment to support economic growth while advancing fiscal consolidation, said Malaysian Rating Corp Bhd (MARC).
Group chief executive officer Arshad Mohamed Ismail said the narrowing of the fiscal deficit, alongside sustained development expenditure, provides a foundation for strengthening Malaysia's economic resilience and long-term growth potential.
"The reduction in the fiscal deficit to 3.3 per cent of gross domestic product (GDP) in 2027 reinforces the government's commitment to remain on the fiscal consolidation path," he said in a statement.
He also welcomed the higher allocation for development expenditure at RM83 billion.
