The government is expected to place greater emphasis on addressing the people’s cost-of-living concerns more comprehensively under Budget 2027, while taking into account the continuing uncertainty in the global geopolitical landscape.
Madani Government spokesman and Communications Minister Datuk Seri Fahmi Fadzil said preparations for the budget would also consider external factors that could affect the economy, including movements in global crude oil prices.
“Overall, I see that on behalf of the government, the focus in Budget 2027 will include ensuring that the people’s cost-of-living issues are addressed more comprehensively, taking into account the geopolitical situation, which remains unresolved at this time,” he said.
He explained that crude oil prices would remain among the key considerations in shaping the budget, given their wider impact on economic conditions and government spending.
Fahmi said this after launching the 2026 Kembara Merdeka Jalur Gemilang (KMJG) X JAGO programme for the Federal Territories of Kuala Lumpur and Putrajaya at Taman Seri Sentosa Market today. Also present was Federal Territories of Kuala Lumpur and Putrajaya Information Department director Normaizatulakmal Tujad.
He added that Budget 2027 would also give priority to projects capable of resolving people’s problems within the shortest possible timeframe, while supporting efforts to attract more domestic and foreign investment and facilitate the implementation of the 13th Malaysia Plan.
For the Communications Ministry, Fahmi said expanding internet connectivity, particularly in remote areas, would remain among its priorities.
The ministry is also looking into issues surrounding media sustainability, as well as possible incentives to attract international events and film productions to Malaysia.
He highlighted the Concerts and Events in Malaysia Incentive (CIME) and Filming in Malaysia Incentive (FIMI) as initiatives that could help draw more investors and international activities to the country.
“These are currently being discussed at the Communications Ministry level and among the messages we have received from the Finance Ministry,” he said.
