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Prime Minister Datuk Seri Anwar Ibrahim has disclosed that Malaysia allocates RM40-45 billion annually towards subsidies, primarily fuel support, underscoring the significant financial commitment required to maintain affordable petrol and diesel prices for citizens.
Prime Minister Anwar Ibrahim has attributed the Federal Land Development Authority's near RM10 billion loss to systemic mismanagement and political interference rather than failures by the settler community.
Malaysia is projected to maintain fiscal discipline in 2026, with the deficit rising only marginally to 3.6% of GDP despite allocating an extra RM25 billion for fuel subsidies to keep RON95 petrol at RM1.99 per litre.
The MADANI Government is pursuing comprehensive governance reforms to prevent another 1MDB-style scandal and restore Malaysia's international reputation, Deputy Finance Minister Liew Chin Tong told Parliament.
Prime Minister Anwar Ibrahim has clarified that federal government allocations to states are determined by development needs and people's welfare, not tax collection levels. Most states receive more than their tax contribution.