KUALA LUMPUR, Oct 9 — The government has allocated RM8 billion for Technical and Vocational Education and Training (TVET) across ministries under Budget 2027 to enhance the skills and employability of young people.
Prime Minister Datuk Seri Anwar Ibrahim said the government was also targeting 30,000 new job opportunities through the BAKAT Madani initiative next year, including through the participation of private companies.
He said the initiative was launched following the commitment of six government-linked investment companies (GLICs), Petronas and the network of government-linked companies (GLCs) to provide training and quality job opportunities for 25,000 youths.
“To encourage greater participation by private companies, tax deductions will be granted to companies implementing BAKAT Madani training programmes from June 29, 2026 to December 31, 2030,” he said when tabling Budget 2027 in the Dewan Rakyat today.
