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MOF on Budget 2027: Subsidies, Goodies & Waad Nasional
34 mins·08:00, 12 Oct 2026
MOF on Budget 2027: Subsidies, Goodies & Waad Nasional
34 mins
·
08:00, 12 Oct 2026
·
Recommended
Guest: Tan Sri Johan Merican, Secretary-General, Ministry of Finance
Budget 2027 delivers record spending, yet the MADANI government says that the fiscal deficit will fall to 3.3% of GDP next year, even though petroleum subsidies have ballooned to RM40 billion. As the government balances pre-election expectations against fiscal discipline, Tan Sri Johan Mahmood Merican, Secretary General of Treasury at the Ministry of Finance, joins The Breakfast Grille to unpack the trade-offs and calculus behind Budget 2027.
He addresses speculation surrounding a pre-election budget, explains why SST compliance and e-invoicing are being favored over a GST comeback, , and discusses how the government plans to manage growing salary, pension, and debt-servicing bills on top of this year’s surge in subsidies.
He also explores strategies to plug subsidy leakages, alongside governance reforms including the State-Owned Enterprises Act and mandatory procurement disclosures
Presenter: Roshan Kanesan
Producer: Tun Hizami Hashim
subsidy rationalisationJohan Mericanministry of financee-invoicingfiscal policytax reformminimum wage
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