Why is Budget 2026 not decided solely at ministerial level?

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Budget 2026 Planning Will Incorporate State-Specific Economic Priorities

The planning for Budget 2026 will move beyond a solely ministerial-driven approach to actively incorporate the distinct economic priorities of each individual state. This strategic shift is intended to foster consistent economic growth while simultaneously addressing the pressing needs of the populace, particularly concerning the escalating cost of living.
Alignment with State Economic Strengths

The Prime Minister highlighted that the upcoming budget preparation will be tailored to the unique economic profiles of each state, moving away from a centralised, ministerial-only decision-making process. For instance, Melaka's economic focus on tourism and manufacturing was cited as an example of leveraging specific state strengths that have demonstrated encouraging performance.
Addressing Public Concerns on Cost of Living

A significant driver behind this revised approach is the imperative to consider public anxieties surrounding the cost of living. The disparity between the economic standing of the elite and lower-income groups is a key concern that the budget must acknowledge and work to mitigate through its allocations and policy directives.
Ensuring Fair and Practical Societal Development

The ultimate aim is to ensure that economic strengthening is not solely guided by abstract economic theories but is firmly grounded in real-world needs and sound judgment. This will facilitate societal development that is both equitable and practical, crucially avoiding undue burdens on the citizens.

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Why is Budget 2026 not decided solely at ministerial level?

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