Anwar vows to close leakages, mobilise RM470 billion from GLICs for economic boost

SHAH ALAM – The government reaffirms its commitment to strengthening fiscal efficiency, closing leakages and fortifying national institutions to elevate the economy and improve people’s living standards.

Prime Minister Datuk Seri Anwar Ibrahim said the Gross Domestic Product (GDP) for the first half of 2025 recorded a solid growth of 4.4 per cent.

He stated that despite challenges from the United States’ tariff war, the revised GDP projection for 2025, ranging between 4.0 and 4.8 per cent, reflected the resilience of Malaysia’s economy.

“For 2026, our economy is projected to grow at a slightly lower rate of between 4.0 and 4.5 per cent, following global economic uncertainties and ongoing geopolitical and geoeconomic tensions,” he said.

Anwar added that while maintaining the government’s commitment to the Fiscal Responsibility Act (FRA), the growth momentum would continue to be driven by an expansionary fiscal policy.

He said Budget 2026 would mobilize and optimise national resources, including funds from Government-Linked Investment Companies (GLICs), Federal Statutory Bodies, and Government-Linked Companies (MKDs), through public expenditure totaling RM470 billion, compared to RM452 billion last year.

“This includes RM338.2 billion for Federal Operating Expenditure (OE), RM81 billion for Federal Development Expenditure (DE), RM30 billion in GLIC investments, RM10 billion in public-private investments, and RM10.8 billion in investments by Federal Statutory Bodies and MKDs,” he said while tabling Budget 2026 in the Dewan Rakyat on Friday.