tags - Sinar Daily

Malaysia may be able to maintain the price of RON95 fuel at RM1.99 per litre even if global oil prices rise amid tensions around the Strait of Hormuz, but doing so could increase fiscal pressure and affect fiscal consolidation plans, said an economist. Bernama FILE PIX

The RON95 petrol subsidy rationalisation is a government move aimed at easing people’s financial burden while improving spending efficiency and ensuring better distribution of national resources. Photo by Bernama

Despite the drag of regional conflicts and tariff-related headwinds, Malaysia's domestic fundamentals remain strong, enabling Malaysia to weather external shocks more effectively, he said in the preface of the Fiscal Outlook and Federal Government Revenue Estimates 2026 released by the Finance Ministry today. - 123RF photo

Economists expect nine key areas to take centre stage in Budget 2026, which will be tabled in the Dewan Rakyat today. - BERNAMA FILE PIX

The bank also said the government is unlikely to explore reintroducing the goods and services tax (GST) in Budget 2026 in view of the external headwinds. - 123RF photo

Prime Minister and Finance Minister, Datuk Seri Anwar Ibrahim, during the Second Meeting of the Fourth Session of the 15th Parliament at the Dewan Rakyat sitting in the Parliament Building today. - Bernama photo

The initial phase of development, spanning 41.28 hectares in Precinct 19, is slated to commence in September 2025 and is projected for completion by the end of 2027. - Bernama photo

Experts believe SST is the best taxation method, but the government should comprehensively exempt food items, vegetables and fruits. Photo for illustrative purposes only. (Inset: Mohd Fairuz, Mohd Afzanizam)

Datuk Seri Anwar Ibrahim. Bernama FILE PIX

Anwar Ibrahim. Photo by Bernama