KUALA LUMPUR, Oct 12 (Bernama) -- Budget 2027’s allocation of more than RM80 billion for subsidies, assistance and incentives is expected to help protect Malaysians’ purchasing power as they face rising living costs and potential inflationary pressures, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.
General : Budget 2027âs RM80 Bln In Aid, Subsidies To Help Cushion Living Costs - Experts
Budget 2027, living costs, inflation, FOMCA, disp
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Key takeaways
Budget 2027 allocates RM80 billion for subsidies and aid to help Malaysians cope with rising living costs.
- Budget 2027 includes RM16 billion for Rahmah Cash Aid and Basic Aid.
- Fuel subsidies amount to RM40 billion, and JKM assistance is nearly RM3.3 billion.
- Experts suggest long-term measures like education and productivity improvements are needed.
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- Bernama General : Budget 2027âs RM80 Bln In Aid, Subsidies To Help Cushion Living Costs - Experts (this story)