Malaysia unveils Budget 2027 with focus on wage hikes and fiscal discipline
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Anwar Ibrahim, Government of Malaysia
Malaysia
October 9, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 110/10/2026, 12:50:55 AM
Prime Minister Anwar Ibrahim announced a RM510 billion spending package. Minimum wage to increase by 17.6% to RM2,000 in June 2027. Fiscal deficit target set at 3.3% of GDP for 2027.
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Malaysia unveils 2027 budget with tax reforms and minimum wage hike
Prime Minister Anwar Ibrahim proposed a RM459.8 billion budget for 2027. Minimum wage will increase to RM2,000 from June 2027. Individual income tax relief threshold increased from RM9,000 to RM12,000.