Budget 2026 to strengthen social protection, build future industries, says Amir Hamzah

The Star

Budget 2026 will strengthen social protection and lift household resilience, while the investment focus will be on semiconductors, energy transition, digitalisation, startups, and the industries of tomorrow, said Finance Minister II Datuk Seri Amir Hamzah Azizan in his closing address at the Khazanah Megatrends Forum 2025 on Tuesday (Oct 7).  Read more at https://tinyurl.com/mtd2mhtu  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00It is indeed my great honour to close this year's Kasarah Megatrends Forum.

00:05For the past two days, we have navigated the big question of our time.

00:09Through macro and markets, through science and philosophy, and through stories of remarkable

00:16Malaysians who inspires us all.

00:19In just a few days, Malaysia will table its budget 2026.

00:25At its core, this budget is about preparation, protecting households from today's pressure

00:32while laying the foundation for tomorrow's growth.

00:36For the family balancing the monthly budget, or the young Malaysians searching for their

00:41first job, uncertainty is not an idea, it is a lived reality.

00:48Budget 2026 is designed with them at its heart.

00:52Take our Budi 95, our new targeted Ron 95 subsidy programme.

00:59For everyday Malaysians, it keeps fuel affordable.

01:03For the nation, it closes subsidy leakages and frees up between RM2.5 billion to RM4 billion

01:10annually.

01:11Money that can better redirect for better schools, stronger healthcare and modern infrastructure.

01:19Relief for families and strength for Malaysia's future.

01:25Beyond few, Budget 2026 will strengthen social protection and lift household resilience.

01:33At the same time, invest in Malaysia's future.

01:38Semiconductors, energy transition, digitalisation, start-ups and industries of the future.

01:47Our direction is clear, Malaysia will re-industrialise with a new industrial master plan.

01:54Lead in semiconductor through the national semiconductor strategy, accelerate energy transition and embrace

02:02digitalisation and innovation.

02:06All these strategies share one goal, to secure better jobs, stronger businesses and brighter

02:13future for our children.

02:16The Budget also secures our fiscal foundations, narrowing the fiscal deficit to 3.8% of GDP this

02:24year, reducing reliance on debt and strengthening governance through the Fiscal Response Act 2023

02:32and the new laws on transparency.

02:36And, Budget 2026 is not a standalone exercise.

02:40It is also the opening act of the 13th Malaysia Plan, RMK 13, which will chart our costs forward

02:49from 2026 to 2030.

02:51I look forward to seeing you all again next year and to many more decades of KMF shaping ideas

02:58for Malaysia's future.

03:00Thank you very much.

03:01Assalamualaikum warahmatullahi wabarakatuh.

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