Announcement
Malaysia proposes $112.5 billion budget for 2027 ahead of possible election
Reuters reports the 459.8 billion-ringgit proposal would raise spending despite fiscal pressure from rising global oil prices.
TLDR
Malaysia's government proposed a moderately expansionary 2027 budget of 459.8 billion ringgit ($112.48 billion), Reuters reports. The plan would ramp up spending ahead of a possible election despite growing fiscal pressure from a jump in global oil prices.
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