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Prime Minister Datuk Seri Anwar Ibrahim is set to present Budget 2026 in the Dewan Rakyat at 4pm today, marking a significant milestone as the first budget under the 13th Malaysia Plan (13MP).
This afternoon’s presentation represents the fourth budget delivered under the MADANI government’s leadership and establishes the foundation for the nation’s development trajectory over the next five years.
Building on MADANI Economic Principles
According to the pre-budget statement published on the Ministry of Finance’s dedicated budget portal, Budget 2026 will build upon the momentum generated by previous MADANI budgets’ robust foundations. Read more here
The budget maintains commitment to the three fundamental pillars of the MADANI Economy:
– Elevating the ceiling of national economic growth
– Raising the floor of citizens’ living standards
– Advancing good governance and public service transformation
– Addressing Global Challenges While Pursuing Growth
In an environment marked by global uncertainty and intensified international competition, Budget 2026 will prioritise Malaysia’s long-term economic strategy while simultaneously tackling immediate challenges.
This balanced approach aims to maintain growth momentum and protect economic resilience.
The pre-budget statement emphasises that initiatives will be implemented to enhance citizens’ well-being through targeted, outcome-based assistance programs designed to improve quality of life.
During a briefing session with media editors in Putrajaya on Wednesday, Anwar, who concurrently serves as Finance Minister, outlined that the fourth MADANI government budget will concentrate on three strategic areas:
– Safeguarding the welfare of the people
– Strengthening economic foundations
– Reinforcing the nation’s sustainable and inclusive development framework
Parliamentary Debate Schedule
Based on the official Dewan Rakyat calendar published on Parliament’s website, the Supply (Budget) Bill 2026 will undergo extensive parliamentary scrutiny. Members of Parliament will debate the budget at the policy stage over eight days, followed by ministerial winding-up sessions scheduled from October 29 to November 4.
Subsequently, committee-stage debates will take place from November 5 to 27, after which the budget is anticipated to receive approval from the Dewan Rakyat.
Significance of 13MP Framework
As the inaugural budget under the 13th Malaysia Plan, Budget 2026 serves as the primary blueprint for implementing the country’s development initiatives over the upcoming five-year period. This positioning makes it particularly significant in shaping Malaysia’s medium-term economic and social development trajectory.
The transition from the 12th Malaysia Plan to the 13MP marks a new chapter in national planning, with Budget 2026 setting the tone and priorities for this strategic period. Read more here
