Banks, research institutions see Budget 2027 balancing growth, household support and fiscal discipline

Budget 2027 is lauded by industry experts and institutions for its balanced approach in fostering economic growth while maintaining fiscal discipline in Malaysia.

AmBank Group CEO Jamie Ling emphasizes its role in supporting household purchasing power and attracting high-value investments, particularly in strategic sectors and infrastructure.

UOB Malaysia and Moody's highlight the budget's pragmatic measures to bolster competitiveness and manage fiscal pressures, despite challenges such as geopolitical tensions and global supply chain disruptions.

The budget is seen as a strategic plan to enhance Malaysia's investment ecosystem and sustain long-term economic resilience.

KUALA LUMPUR, Oct 10 — Budget 2027 strikes a balance between supporting economic growth, easing cost of living pressures and maintaining fiscal discipline, while strengthening Malaysia’s investment ecosystem and long-term economic resilience, according to industry players and research institutions.

AmBank Group chief executive officer Jamie Ling described Budget 2027 as a practical plan to sustain growth in a challenging global environment.

“This is a budget of disciplined continuity. It supports growth without losing sight of fiscal responsibility. It also gives households and businesses greater confidence to plan, spend and invest,” he said.

Ling said higher cash assistance, tax relief and wage-related measures should help protect household purchasing power and support private consumption.

He also highlighted investment measures covering strategic sectors, venture and mid-tier funds, digital infrastructure, energy transition and the Johor-Singapore Special Economic Zone, saying these initiatives could deepen Malaysia’s role in regional supply chains and attract higher-value investments.

UOB Malaysia said the newly announced budget reflects a pragmatic balance between supporting growth, competitiveness and sustainability with fiscal responsibility.

“We are encouraged by the government’s continued commitment to strengthening Malaysia’s investment ecosystem through strategic investments in infrastructure, digitalisation, high-value industries and energy transition, which will enhance the country’s long-term competitiveness and attractiveness to investors.

“The budget also provides timely support for the business community through targeted tax measures, investment facilitation, improved access to financing, small and medium enterprises (SMEs) development and the expansion of strategic cross-border economic corridors,” it said.

Moody’s Ratings senior ratings associate Arjun Khaitan said Budget 2027 balances additional support for households facing higher energy and living costs with continued fiscal consolidation.

He said Malaysia’s strong economic performance and improving fiscal position provide capacity to absorb higher energy-related fiscal costs.

However, Khaitan said additional support measures and pre-election spending pressures could limit the pace of fiscal consolidation next year, although Moody’s expects the government to maintain its medium-term commitment to a fiscal deficit of three per cent of GDP.

At the same time, higher contributions from Petroliam Nasional Bhd (Petronas), continued subsidy rationalisation and improved spending efficiency would help mitigate these challenges and support fiscal consolidation.

Khazanah Research Institute (KRI) said Budget 2027 comes at a time when geopolitical tensions, higher energy prices and disruptions to global supply chains are putting pressure on households, businesses and public finances.

It said strengthening Malaysia’s capacity to absorb external shocks would be crucial in maintaining household well-being and ensuring the government retains sufficient fiscal space to respond to future disruptions.

On business competitiveness, KRI said targeted support for domestic semiconductor and manufacturing firms, alongside better access to financing, digitalisation, innovation and market expansion could strengthen local capabilities and reduce dependence on trade-exposed foreign direct investment. — Bernama

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2027 年财政预算案因其在促进经济增长和保持马来西亚财政纪律方面采取的平衡措施而受到行业专家和机构的称赞。

安邦银行集团首席执行官林杰米强调了该行在支持家庭购买力和吸引高价值投资（尤其是在战略行业和基础设施领域）方面所发挥的作用。

马来西亚大华银行和穆迪强调，尽管面临地缘政治紧张局势和全球供应链中断等挑战，该预算案仍采取了务实措施来增强竞争力并应对财政压力。

该预算被视为一项旨在增强马来西亚投资生态系统和维持长期经济韧性的战略计划。

吉隆坡，10 月 10 日讯——据业内人士和研究机构称，2027 年财政预算案在支持经济增长、缓解生活成本压力和保持财政纪律之间取得了平衡，同时加强了马来西亚的投资生态系统和长期经济韧性。

安邦银行集团首席执行官林杰米将2027年预算案描述为一项在充满挑战的全球环境下维持增长的务实计划。

他说：“这是一份具有纪律性和连续性的预算。它在支持经济增长的同时，也兼顾了财政责任。此外，它还能增强家庭和企业在规划、消费和投资方面的信心。”

凌表示，增加现金援助、减税和工资相关措施应该有助于保护家庭购买力并支持私人消费。

他还重点介绍了涵盖战略领域、风险投资和中型基金、数字基础设施、能源转型以及柔佛-新加坡经济特区的投资措施，称这些举措可以加深马来西亚在区域供应链中的作用，并吸引更高价值的投资。

马来西亚大华银行表示，新公布的预算体现了在支持增长、竞争力和可持续发展与财政责任之间务实的平衡。

“我们欣慰地看到，政府持续致力于通过对基础设施、数字化、高价值产业和能源转型进行战略投资来加强马来西亚的投资生态系统，这将提升马来西亚的长期竞争力和对投资者的吸引力。

“该预算还通过有针对性的税收措施、投资便利化、改善融资渠道、促进中小企业发展以及扩大战略性跨境经济走廊，为商界提供了及时的支持。”声明中写道。

穆迪评级高级评级助理 Arjun Khaitan 表示，2027 年预算案在为面临能源和生活成本上涨的家庭提供额外支持的同时，也兼顾了财政紧缩。

他表示，马来西亚强劲的经济表现和不断改善的财政状况使其有能力承受更高的能源相关财政成本。

不过，凯坦表示，额外的支持措施和选举前的支出压力可能会限制明年财政整顿的步伐，尽管穆迪预计政府将维持其中期财政赤字占GDP 3%的承诺。

与此同时，马来西亚国家石油公司（Petronas）增加缴款、持续进行补贴合理化以及提高支出效率将有助于缓解这些挑战并支持财政整顿。

国库研究院（KRI）表示，2027 年预算案出台之际，地缘政治紧张局势、能源价格上涨以及全球供应链中断正给家庭、企业和公共财政带来压力。

报告指出，增强马来西亚抵御外部冲击的能力对于维护家庭福祉和确保政府拥有足够的财政空间来应对未来的冲击至关重要。

关于企业竞争力，KRI表示，有针对性地支持国内半导体和制造企业，并改善融资渠道、推进数字化、创新和市场拓展，可以增强本地能力，降低对易受贸易影响的外国直接投资的依赖。——马新社

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永平发生车祸，两名22岁女子在车内与货车相撞后，因汽车起火身亡。

中小企业协会表示，2027年预算案提供了支持，但警告称成本压力将“累积”增加。