Malaysia lifts 2027 spending 4% as election approaches

TradeNews BD multi-market desk (2026-10-09): Economy Malaysia lifts 2027 spending 4% as election approaches Anwar seeks to balance household support and fiscal discipline Malaysian Prime Minister Anwar… Primary source: original at Nikkei Asia (asia.nikkei.com).

October 9, 2026 8:22 AM GMT · Nikkei Asia

Economy Malaysia lifts 2027 spending 4% as election approaches

Anwar seeks to balance household support and fiscal discipline

Malaysian Prime Minister Anwar Ibrahim, pictured on Oct. 1 ahead of the Formula One race in Sepang, Malaysia. Anwar is sensitive to a social climate in which some households feel they are missing out on Malaysia's strong economic growth. © Reuters

KUALA LUMPUR -- Malaysia plans to increase government spending by nearly 4% next year, according to a draft budget unveiled on Friday, as Prime Minister Anwar Ibrahim seeks to support households and sustain economic growth ahead of the next general election.