KUALA LUMPUR, Oct 12 (Bernama) -- Budget 2027 balances addressing the rakyat’s needs with fiscal discipline, but structural reforms are still needed to strengthen Malaysia’s long-term fiscal position, said economists.
Business : Budget 2027 Balances Rakyatâs Needs With Fiscal Discipline - Economist
OCBC, Budget 2027, fiscal deficit, Ong Kian Ming,
BE Bernama 
Key points
- Former deputy Investment, Trade and Industry minister and Taylor's University adjunct professor Ong Kian Ming described the newly announced budget as a "clever" budget in the sense that the Finance Minister and Prime Minister Datuk Seri Anwar Ibrahim fulfilled a variety of objectives.
- "At the same time, because of good gross domestic product (GDP) growth numbers, the Ministry of Finance managed to reduce the overall fiscal deficit to 3.3 per cent in 2027, projected 3.6 per cent in 2026," he said during OCBC’s discussion on the implications of Budget 2027 regarding policy, politics, and the market.
- On investment, Ong said Malaysia could continue attracting foreign direct investment (FDI), particularly if the government provided greater clarity on investment policies and initiatives.
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