Malaysia PM Anwar’s 2026 Budget balances growth and fiscal restraint

[KUALA LUMPUR] In his boldest fiscal move yet, Malaysia Prime Minister Anwar Ibrahim has tabled a record RM470 billion (S$144.5 billion) Budget to propel the country into the next phase of its development agenda.

Framed as the opening chapter of the 13th Malaysia Plan, Budget 2026 reflects Anwar’s determination to reshape national growth through innovation, regional integration and stronger fiscal discipline.

The government’s latest spending plan marks Malaysia’s largest to date, strategically drawing funds from across the public sector – including government-linked investment companies (GLICs), statutory bodies and ministerial-controlled firms – to fuel its transformation agenda.