Penang tables RM1.07b Budget 2027 with record-low RM5.62m deficit

Key takeaways

Penang Chief Minister Chow Kon Yeow tabled a RM1.074 billion budget for 2027, featuring a record-low projected deficit of RM5.62 million. The plan includes RM280.17 million for development expenditure across 514 projects.

• The projected 2027 deficit of RM5.62 million is the lowest in Penang's budget history.
• Development expenditure is set at RM280.17 million, a 12.1 percent decrease from 2026.
• The budget lists 514 projects covering infrastructure, community facilities, and economic initiatives.

Summarised automatically by AI from the original article by Malay Mail. AI can make mistakes, so check the original for details.