Politics · Malaysia Bureau
Wage growth must be central to Budget 2027 plans, minister says
A Malaysian government minister has stressed the importance of prioritising income and wage improvements in the upcoming 2027 budget allocation. The emphasis underscores growing concerns about household purchasing power amid economic pressures.
LSN Malaysia ·
Malaysia's government must place income and wage growth at the forefront of its Budget 2027 strategy, according to minister Akmal Nasrullah, reflecting heightened focus on addressing cost-of-living concerns facing households nationwide.
The call for prioritising wage improvements comes as policymakers grapple with inflationary pressures and the need to sustain domestic consumption, a key driver of economic growth in the region.
Official budget discussions are expected to intensify in coming months, with various stakeholder groups advocating for measures aimed at bolstering household incomes and improving financial security for workers across sectors.
Government officials have indicated that any fiscal measures introduced in the 2027 budget will be calibrated to support economic stability while addressing the earning capacity of Malaysian workers.