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Anwar: Budget 2026 aligned with first year of 13MP

2 days ago

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PUTRAJAYA — Budget 2026, to be tabled this October, will be aligned with the implementation of the first year of the 13th Malaysia Plan (13MP) to ensure the country’s development trajectory is consistent with the medium-term policy framework introduced earlier.

Prime Minister Datuk Seri Anwar Ibrahim (picture) said the upcoming budget would focus on two key aspects: raising the spending ceiling to drive growth and strategic investments, and increasing the priority floor to safeguard the well-being of the rakyat, especially low-income groups.

“We have launched the 13th Malaysia Plan, so Budget 2026 must be in line with its first year of implementation. This rollout must reflect the core objectives of the plan (13MP), which emphasises the need to raise both the ceiling and the floor,” he told reporters after attending the Budget 2026 Engagement Session today.

According to the parliamentary calendar, Budget 2026 is scheduled to be tabled in the Dewan Rakyat on Oct 10.

Anwar said raising the spending ceiling would stimulate investment and economic growth, while raising the priority floor ensures key public services such as education, healthcare, and minimum income are strengthened — in line with the government’s reform agenda.

The approach is among the core strategies under the MADANI Economic Framework, aimed at fostering balanced and inclusive national development. — BERNAMA

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The post Anwar: Budget 2026 aligned with first year of 13MP appeared first on The Malaysian Reserve.

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Budget Economy News

Budget 2026 to focus on semiconductors, energy transition and Islamic economy

2 days ago

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by SHAUQI WAHAB

THE upcoming Belanjawan Madani 2026 will serve as the first national budget supporting the goals of the 13th Malaysia Plan (MP13), with a focus on raising the ceiling for national competitiveness and growth, particularly in high-value sectors such as semiconductors, energy transition and Islamic economy.

Presenting the government’s strategic direction ahead of the budget, Finance Minister II Datuk Seri Amir Hamzah Azizan (picture) said these focus areas are intended to strengthen Malaysia’s global position in critical industries while supporting small and medium enterprises (SMEs) and start-ups to produce innovative, made-in-Malaysia solutions.

“In increasing the country’s competitiveness, growth sectors and high-value industries will continue to be supported, especially involving the semiconductor industry, energy transition and Islamic economy,” he stated during the 2026 Budget engagement meeting today.

He added that Budget 2026 will implement measures aligned with good governance and inclusive administration, describing it as both a raising of the “ceiling” — referring to economic ambitions and sectoral capabilities — and a strengthening of the “floor” — referring to public service reforms and social safety nets.

Amir Hamzah also stressed that digitalisation and artificial intelligence (AI) remain key pillars under the creative economy agenda, reinforcing efforts to spur innovation-driven growth.

“The digital and AI agenda will continue to be prioritised in line with efforts to nurture a culture of creativity and drive a value-based economy,” he said.

Beyond boosting high-value sectors, he reaffirmed that Budget 2026 will also centre on improving the quality of government services, particularly in education and healthcare.

At the same time, holistic measures will be implemented to support vulnerable communities, raise incomes and reduce cost-of-living burdens.

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The post Budget 2026 to focus on semiconductors, energy transition and Islamic economy appeared first on The Malaysian Reserve.

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Budget dewan rakyat Economy News Parliament

Amir Hamzah: 2026 Budget is the first to support the goals of the 13th Malaysia Plan

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PUTRAJAYA — The 2026 Budget, which will be tabled this October in the Dewan Rakyat, marks the first budget to support the goals of the 13th Malaysia Plan and will focus on three main pillars, namely raising the ceiling, raising the floor, and strengthening good governance in the public administration.
According to the Parliamentary Calendar, the 2026 Budget is scheduled to be presented on Oct 10.

Minister of Finance II, Datuk Seri Amir Hamzah Azizan (picture), said that in raising the ceiling, the government aims to enhance the country’s competitiveness and support high-growth, high-value sectors, particularly the semiconductor industry, energy transition, and Islamic economy.

He added that the government will also continue to empower micro, small, and medium enterprises (MSMEs) as well as startups, to become producers of ‘Made by Malaysia’ products and services.

“The digital and artificial intelligence agenda continues to be prioritised, alongside efforts to nurture creativity and promote value-based economic growth,” he said in his speech at the inaugural Budget 2026 Engagement Council today.

The event was also attended by the Chief Secretary to the Government, Tan Sri Shamsul Azri Abu Bakar; the Secretary-General of the Treasury, Datuk Johan Mahmood Merican; the Director-General of Public Service, Tan Sri Wan Ahmad Dahlan Abdul Aziz; the Governor of Bank Negara Malaysia, Datuk Seri Abdul Rasheed Ghaffour; and the Executive Chairman of the Securities Commission Malaysia, Datuk Mohammad Faiz Azmi.

Nearly 300 participants attended the event, representing public service institutions, industry players, chambers of commerce, technocrats, economists, scholars, non-governmental organisations, and international organisations. — BERNAMA