KUALA LUMPUR: The government has allocated a record RM57 billion in financing facilities for micro, small and medium enterprises (MSMEs) under the 2027 Budget to help the sector navigate global economic uncertainties.
Entrepreneur Development and Cooperatives Minister Steven Sim said the allocation, up from RM50 billion previously, reflected the government's commitment to strengthening the sector through better access to financing, lower business costs and improved government service delivery.
He said the government understood the pressures MSMEs faced amid global economic fluctuations, including rising energy costs and supply chain disruptions beyond the country's control.
"We know that in a time of multiple crises, SMEs must be given breathing space so they can face the various challenges.
