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Malaysia's Finance Minister has reassured Parliament that the government maintains an unwavering commitment to servicing all its debt obligations, including guarantees backing the RM27.5 billion sukuk issued for Tabung Haji's asset management vehicle.
Malaysia has achieved nearly RM5 billion in budget savings through expenditure control measures implemented across all ministries and government agencies in response to a global supply chain crisis.
Prime Minister Anwar Ibrahim has announced that Malaysia will commence Budget 2027 preparation next month, with parliamentary tabling anticipated in early October. The budget will prioritize translating economic growth into tangible improvements in living standards.
The Finance Ministry has slashed a promised 10-year tax exemption for TAR UMT's education foundation to just three years, imposing restrictive conditions that threaten the university's ability to maintain affordable education for lower-income students.
Former finance minister Tengku Zafrul has testified in the High Court that minutes issued by then-Prime Minister Muhyiddin Yassin amounted to operational instructions rather than formal project endorsements.
Finance Minister II Datuk Seri Amir Hamzah Azizan says the government will consider proposals to refine the BUDI MADANI Diesel subsidy programme, with any changes guided by real usage data rather than assumptions.