Budget 2027 vs Budget 2026
Each card fills in its 2027 figure as it is announced in the speech.
2026 figures: Budget 2026 speech as reported by FMT and KPMG Budget 2026 snapshot.
What the experts say about Budget 2027
Views from economists and business scholars, kept separate from the budget figures.
From Southampton Malaysia Business School
Expert views are the opinions of the named contributors, shared with budgetwatcher.my. They are separate from the budget figures on this page and are published as received.
Who gets the most in Budget 2027
Largest ministry and state allocations announced, in RM billion, with 2026 where reported.
Pick a profile to see how Budget 2027 affects them
Switch profiles to see the measures that apply to each one. For working profiles, enter a salary to estimate take-home pay under 2026 and 2027 tax rules.
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Your take-home pay, 2026 vs 2027
Assumes a Malaysian tax resident under 60 with no other income or reliefs: EPF 11%, SOCSO 0.5% and EIS 0.2% (both capped at RM6,000 a month), individual relief, EPF relief up to RM4,000, SOCSO/EIS relief up to RM350, RM400 rebate if chargeable income is RM35,000 or less. Budget 2027 changes are assumed to apply for the full 2027 year of assessment.
| Per year | 2026 rules | 2027 rules |
|---|
Income tax per year. Tax rates: PwC tax summary. Budget 2027 changes: The Rakyat Post. Contribution rates: Second Talent payroll guide. This is an estimate, not tax advice.
What the RM2,000 minimum wage costs you
Adds employer EPF 13%, SOCSO 1.75% and EIS 0.2% on the pay rise. Counts June to December 2027 (7 months). The length of the MSME exemption has not been announced.
Where each RM100 went
Each square is RM1 of every RM100 in the 2026 federal budget of RM419.2 billion. Tap a row to highlight it.
Running the country vs building it
RM338.2 billion to run the government and RM81 billion for development in 2026.
Operating expenditure
Salaries, pensions, subsidies and interest. RM billion.
Development expenditure
Roads, rail, schools, hospitals and defence. RM billion.
"Other" is the remainder of the stated total, derived by us. Sources: FMT, KPMG.
The deficit has narrowed for five years
Federal fiscal deficit as a share of GDP. The 2027 target is one of the first numbers to look for.
Other numbers to know going in
2022 to 2024 are not shown. Sources: MOF Pre-Budget Statement 2027 (18 August 2026), KPMG Budget 2026 snapshot.
Expectations going into Budget 2027
Each item says who expects it. None of these are confirmed until they appear in the speech.
The government's ten focus areas, from the Pre-Budget Statement
The statement frames Budget 2027 around three aims: raising the ceiling for growth, raising the floor for living standards, and governance reform.
What's in Budget 2027
Filled in live from the budget speech, with a source link for each one.
All measures
Sarawak's state budget, in plain numbers
State budgets get little clear coverage. Here is what Sarawak's 2026 budget set out, what we can confirm it delivered, and what to watch when the 2027 budget is tabled.
Sarawak Budget 2026 on one page
Tabled by the Premier on 24 November 2025.
Where Sarawak's 2026 revenue was expected to come from (RM billion)
What it promised, and what we can confirm
Status as of 10 October 2026, from later official and news reports. "No report yet" means we found nothing either way, not that it failed. Many items are budget lines spread across projects, and the full picture comes only with the state's accounts.
What has changed since
Sarawak Budget 2027: what to watch
These are open questions from reports before the budget. We will fill in each answer when the budget is tabled.
Sources: each figure links to its report. Sarawak budget figures are from news reports of the budget speech (The Borneo Post, The Star, DayakDaily), not the state's budget documents.
Where these numbers come from
- Ministry of Finance: budget speech, Economic Outlook, Fiscal Outlook and Expenditure Estimates, published on tabling day.
- MOF Pre-Budget Statement 2027
- OpenDOSM and data.gov.my: GDP, inflation, household income.
- Parliament of Malaysia: Hansard for the speech and debate.
- Analyst previews: Kenanga via Business Today, The Star.