RM470 billion had been set aside for Malaysia’s budget this year, although these sums include components that the government has typically not used in a budget sum as they go beyond the usual operating and development expenditures, which would be RM419.2 billion for 2026. While Anwar announced on Thursday some measures to deal with the issue such as reducing the monthly allocation of subsidised RON95 petrol for eligible citizens from 300 litres to 200 litres from April, economists say this would not fully resolve the fiscal burden faced by Malaysia. The conflict in the Middle East has seen Brent crude surge past US$100 per barrel for the first time in years as the closure of the Strait of Hormuz chokes off nearly a fifth of the world’s oil supply.
Published at: 2026-03-30 22:00:00
Still want to read the full version? Full article
