Malaysia Budget 2027 Highlights

The 5th MADANI Budget: Reaching for the Skies, While Anchored on Our Values

bdo-tax-budget-2027-highlights

The Budget 2027 was announced on 9 October 2026 by the Prime Minister and Finance Minister, Dato' Seri Anwar Ibrahim, in Parliament.
 
The Budget comes at a time when Malaysia's economy continues to demonstrate resilience amid an increasingly complex global environment. As businesses and the rakyat adapt to changing economic and market conditions, Budget 2027 will be closely watched for measures that support growth, competitiveness and long-term prosperity.
 
As the second Budget under the 13th Malaysia Plan (2026–2030), Budget 2027 sets out the Government's fiscal priorities, policy direction and development agenda for the year ahead.

Through our Budget 2027 coverage, we examine key announcements and developments arising from the Budget, highlighting considerations and potential implications for businesses, industries and individuals.

 

 

KEY THRUSTS

Strategic priorities under Budget 2027

01
 
Raising the ceiling of national growth
02
 
Raising the floor of the rakyat's living standards
03
 
Driving reform in governance
Source: Budget 2027 speech 

BUDGET 2027 AT A GLANCE

Key figures and highlights

RM 510
billion
Total Budget
Allocation
RM 380.8
billion
Total
Revenue
RM 376.8
billion
Operating
Expenditure
RM 83
billion
Development
Expenditure
3.3%
Fiscal Deficit Target
(of GDP)
1.8% – 2.8%
Inflation
(2027)

Source: Ministry of Finance (MoF) Economic Outlook 2027 and Fiscal Outlook 2027 

The total budget figure referenced here comprises RM459.8 billion federal spending, RM25 billion from GLICs, RM14.2 billion from statutory bodies/Ministry of Finance, and RM11 billion from public-private partnerships.

FULL COMMENTARY

Malaysia Budget 2027 Highlights

Malaysia Budget 2027 Highlights

Read BDO Malaysia's detailed commentary on the key measures announced under Malaysia Budget 2027, including analysis of the implications for businesses and individuals.

VIEW / DOWNLOAD FULL COMMENTARY   →

CONTINUE THE CONVERSATION

Go beyond the highlights. Hear from tax specialists, government representatives and industry experts on the primary changes and implications arising from Malaysia Budget 2027

BDO Tax Seminar on Budget 2027
EVENT

BDO Tax Seminar on Budget 2027

27 October 2026 |  Kuala Lumpur
29 October 2026 |  Penang
> This seminar is eligible for HRDC claims
EXPLORE THE SEMINAR  →