Malaysia plans to spend 460 billion ringgit (US$112.6 billion) under its 2027 budget, expanding welfare assistance and tax relief while retaining fuel subsidies as households contend with higher living costs.
Prime Minister Anwar Ibrahim, who is also finance minister, presented the spending plan in parliament on Friday as his government faces pressure for an early election following a series of state poll defeats.
Anwar said the budget should be judged on “whether more people can live with…
