How will the Madani Economy framework shape the 2027 Budget?

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The Madani Economy Framework Will Anchor the 2027 Budget with a Dual Focus on Economic Growth and Inclusivity

The 2027 Budget will be shaped by the Madani Economy framework, which guides the government's approach to economic policy. This framework has a dual focus: raising the "ceiling" of the economy to boost competitiveness and strengthening the "floor" to enhance support and opportunities for inclusive and sustainable growth. These principles are being integrated into the budget through ongoing engagement sessions with various ministries and stakeholders, aiming for alignment with the nation's broader policy direction and the goal of achieving developed-nation status by 2030.
Budget Engagement Sessions Are Actively Underway

Finance Minister II Datuk Seri Amir Hamzah Azizan has confirmed that engagement sessions for the 2027 Budget are currently in progress across multiple ministries and locations. These consultations are crucial for shaping the budget, which is slated for tabling in Parliament in October. The Ministry of Finance is leading these efforts to ensure a cohesive and strategically aligned budget.
Dual Focus on Economic Ceiling and Floor

The Madani Economy framework's core strategy involves a dual focus on both the "ceiling" and the "floor" of the economy. This approach aims to simultaneously enhance the nation's competitiveness at the higher end of the economic spectrum while reinforcing support systems and opportunities for those at the base. The objective is to foster economic growth that is both inclusive and sustainable, benefiting a wider segment of the population.
Alignment with Broader National Policies

Beyond the Madani Economy, the 2027 Budget will also be informed by other significant national policies. These include the 13th Malaysia Plan, the National Semiconductor Strategy (NSS), and the National Energy Transition Roadmap (NETR). This comprehensive alignment ensures that the budget contributes to the government's overarching objective of steering Malaysia towards developed-nation status by the year 2030.
Commitment to Developed-Nation Status by 2030

The government's commitment to achieving developed-nation status by 2030 remains a central tenet guiding the formulation of the 2027 Budget. The measured approach being taken in budget preparation underscores the intention to ensure that all economic initiatives and allocations are consistent with this long-term national aspiration, fostering sustained progress and development.

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How will the Madani Economy framework shape the 2027 Budget?

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