KUALA LUMPUR: Budget 2026, which has total allocations from the government and the private sector amounting to RM470bil, is a new approach taken by the government in nation-building, says Datuk Seri Amir Hamzah Azizan.
The Finance Minister II said this new method involved cooperation between the government, government-linked companies (GLCs), government-linked investment companies (GLICs), government statutory bodies and current public-private-partnership (PPP) models.
“Most importantly, we must all work together to develop Malaysia towards a better direction,” said Amir during a press conference at Parliament on Friday (Oct 10).
Amir also said Budget 2026 would stimulate the domestic economy despite the slew of global headwinds at present.
“If we work together, we will be able to stimulate the economy ourselves without outside help,” he added.
At the same time, Amir said Budget 2026 would have an emphasis on SMEs.
According to Amir, that was why the government decided to increase allocations under Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) from RM20bil to RM30bil.
“We hope that with this, we will help SMEs expand their industries and start moving overseas, so they can help Malaysia build a bigger and stronger export market,” said Amir.
Amir also said that Budget 2026 used the Madani Economy framework, which focused on raising the ceiling, stimulating the economy and attracting more investments in the country.
“That is why in the Budget, we have various incentives to attract investors to come and invest, or to increase their existing domestic investments here to stimulate our economy,” said Amir.
Amir also said that Budget 2026 emphasises on housing reforms, where there is an extension of full stamp duty exemptions on transfer instruments and loan agreements for houses below RM500,000 until Dec 31, 2027.
Amir said he hoped that this incentive would encourage more people to own a home.
“We have also increased the Housing Credit Guarantee Scheme (SJKP) allocation to RM20bil,” added Amir.
Under Budget 2026, the SJKP allocation was increased to RM20bil and it is set to benefit 80,000 first-time homebuyers.
To keep the housing market affordable and stable, a flat stamp duty rate of between 4% to 8% will be imposed on property transfers involving non-citizens and foreign companies, excluding permanent residents.
