KUALA LUMPUR, Oct 11 (Bernama) -- The move to raise the individual tax relief limit to RM12,000 and lower income tax rates in Budget 2027 has the potential to stimulate domestic spending and support the country’s economic growth, economists said.
General : Tax Relief Can Stimulate Domestic Spending â Economists
Budget 2027, Anwar Ibrahim, tax relief, tax cut, s
BE Bernama 
Key takeaways
Economists say tax relief changes in Budget 2027 could boost domestic spending and economic growth by increasing disposable income for households.
- Tax relief limit raised to RM12,000, with lower rates for income between RM70,000 and RM150,000.
- Expanded relief covers expenses like education, healthcare, and pet care, benefiting middle-income groups.
- Economists view the changes as timely, helping ease financial pressure amid rising living costs.
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