Politics · Malaysia Bureau
Opposition challenges Budget 2027 allocation to GLCs for non-core ventures
Opposition Leader Datuk Seri Hamzah Zainudin has questioned the government's decision to allocate substantial Budget 2027 funds to government-linked companies for projects outside their core business areas, raising concerns over fiscal prudence and resource deployment.
LSN Malaysia ·
KUALA LUMPUR, Oct 12 — Opposition Leader Datuk Seri Hamzah Zainudin challenged the government's budgetary priorities on Monday, criticising the allocation of significant funds to government-linked corporations (GLCs) for ventures unrelated to their principal operations.
Hamzah contended that channelling resources through GLCs into non-core projects represented a departure from sound fiscal management and questioned the strategic rationale behind such disbursements in the 2027 budget framework.
The opposition leader's remarks underscore ongoing parliamentary debate regarding government spending efficiency and the appropriate deployment of public funds through state-owned enterprises. His concerns reflect broader questions about whether GLCs should remain focused on their mandated sectors or expand into diversified commercial activities.
The criticism comes amid scrutiny of Malaysia's budgetary allocation mechanisms and the role played by government-linked entities in national economic strategy. Opposition politicians have previously raised concerns about GLC performance and accountability in managing public resources.
The government has not immediately responded to the opposition's latest critique regarding Budget 2027 funding decisions.