What role does the Madani Economy Framework play in Budget 2027?

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The Madani Economy Framework will guide Budget 2027's focus on sustainable, inclusive, and people-centric economic growth.

The Madani Economy Framework: Empowering the People will serve as the guiding principle for the formulation of Budget 2027. This framework ensures that fiscal policies and public expenditure initiatives are aligned to not only foster economic growth but also to enhance the overall quality of life for the populace. The Ministry of Finance has indicated that this approach will balance economic growth with fiscal sustainability and public wellbeing, thereby ensuring the effective and sustainable delivery of government assistance.
Strengthening Social Protection and Income Growth

A central tenet of Budget 2027, under the Madani Economy Framework, will be the reinforcement of social protection mechanisms and targeted aid programmes. Concurrently, efforts will be directed towards increasing the income levels and social mobility of citizens. This dual focus aims to create a more equitable economic environment where the benefits of growth are widely shared.
Gradual Subsidy Reforms and Enhanced Public Services

The budget will continue with the implementation of gradual and targeted subsidy reforms, a move designed to improve fiscal sustainability. Alongside these reforms, there will be a concerted effort to enhance the delivery and quality of essential public services. These initiatives are intended to ensure that government resources are allocated efficiently and effectively to meet the needs of the population.
Digitalisation and Fiscal Sustainability

Budget 2027 will also accelerate the adoption of digitalisation, artificial intelligence (AI), and integrated data usage across government functions. This push towards technological advancement is coupled with a commitment to reinforcing the nation's fiscal sustainability. By leveraging technology and maintaining fiscal prudence, the government aims to build a more resilient and forward-looking economy.

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What role does the Madani Economy Framework play in Budget 2027?

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