Prime Minister Anwar Ibrahim speaking on the 2027 federal budget estimates in a special interview broadcast today. (Bernama pic)PETALING JAYA: Prime Minister Anwar Ibrahim tonight admitted that all the country’s economic woes would not be resolved by the 2027 budget estimates tabled yesterday.
However, he said the government will focus on cushioning the impact of rising prices of goods and certain services on the public.
Savings made from curbing leakages and better governance will be redirected to the people, Anwar said in a special interview on the budget broadcast today, Bernama reported.
He cited the increase in cost of imported phosphate fertiliser due to the closure of the Hormuz Strait in the wake of the US-led war against Iran, as an example.
