KUALA LUMPUR, Oct 9: Sabah and Sarawak, which are home to 12,000 species of flora and fauna representing more than 80 per cent of Malaysia’s known species, will receive greater conservation support under Budget 2027, with the government increasing the Ecological Fiscal Transfer (EFT) allocation to RM270 million.
Prime Minister Dato Seri Anwar Ibrahim said Malaysia was among the 17 countries in the world richest in flora and fauna, with nearly 70 per cent of the world’s known species found in the country, when he tabled the Budget 2027 at Dewan Rakyat today.
He said Malaysia had maintained nearly 18 million hectares of forest, covering 54.4 per cent of its total land area, exceeding its commitment made at the 1992 Rio Earth Summit to preserve at least 50 per cent.
