The Malaysia Budget 2026 was unveiled today by Prime Minister Datuk Seri Anwar Ibrahim. It would get approximately RM421 billion in all. The 13th Malaysia Plan, which spans from 2026 to 2030, is the main focus of this year’s budget. Its goals are to make life easier, make society safer, and help the economy grow in the long term.The government wants to be prudent with money and help everyone. This would let Malaysia move on without losing money.
50% Toll Discount During Deepavali
To help individuals pay for their holiday travel, the Malaysia Budget 2026 gives a 50% discount on tolls for two days during Deepavali. The deal is meant to help families come together by making travel less expensive.
The government is continually striving to help individuals with the cost of living through useful and seasonal programs like this one.
Continuation of 20% Salary Cut for Ministers
Prime Minister Anwar Ibrahim indicated that cabinet ministers will keep suffering a 20% wage cut as part of the Budget 2026 Malaysia plan.
The government is showing that it cares for the people and is clever with money by choosing this choice. The administration is dedicated to collective accountability and prudent spending, since the savings will be allocated to community and social initiatives.
RM46.5 Billion Allocation for Public Healthcare
The Malaysia Budget 2026’s main goal is to use RM46.5 billion to make the public health system better.This money will be used to make hospitals better, hire more healthcare workers, make medical systems more digital, and expand programs that help people stay healthy.The extra money for healthcare indicates that the government wants to make sure that everyone in Malaysia can access good care and that no one is left behind.
Support for Gig Workers Through i-Saraan Plus
i-Saraan Plus helps gig workers with the 2026 Plan The i-Saraan Plus program from the Employees Provident Fund (EPF) in Malaysia shows how quickly the gig economy is growing.
The government would pay gig, e-hailing, and p-hailing workers up to RM600 a year. It will also include PERKESO payments for persons who are self-employed.
This program helps people who work on the side save more for retirement and keep their money safe. It also makes sure that everyone can work in Malaysia, even when the workforce is changing.
RM700 Million Boost for Tourism & Culture
The Malaysia Budget 2026 offers RM700 million to develop infrastructure, promote local attractions, and safeguard cultural heritage in order to increase tourism before Visit Malaysia Year 2026.
Malaysians can also save RM1,000 on their taxes if they travel within the nation or go to cultural events.
The money goes to eco-tourism, new companies, and conserving cultural heritage. This fits with the government’s intention to make tourism a significant element of the economy’s recovery following the pandemic.
STR Phase 4 Payment Brought Forward
One of the most essential things about Budget 2026 Malaysia is that the Sumbangan Tunai Rahmah (STR) Phase 4 would be paid early. It was supposed to happen in November, but instead it will happen on October 18, 2025.In February 2026, 22 million Malaysians who are 18 years and older will get RM100 in cash.
The purpose of this program is to help people, especially those who receive B40 and M40 incomes, cope with rising living costs in periods of inflation and economic meltdown. According to the bill, the government continues to be committed to helping people with their financial woes by giving them straight and complete assistance.
Fiscal Outlook and Economic Direction
The Malaysia Budget 2026 intends to cut the budget deficit down to between 3.4% and 3.6% of GDP. This is a slow step toward budgetary consolidation.
Even if Petronas dividends are expected to go down because oil prices are going down, the government will nevertheless spend money on high-value businesses like renewable energy, semiconductors, and digital innovation.
These areas of focus will make Malaysia’s economy safer and more competitive in the future.
FAQ: Malaysia Budget 2026
Q:When will the payment for STR Phase 4 be sent?
The STR Phase 4 payment will be made on October 18, 2025, which is sooner than the projected date of November. This will assist people in Malaysia better handle their living expenditures.
Q:What is the budget for Malaysia in 2026?
The budget is over RM421 billion, and its main goals are to keep people safe, help the economy grow, and plan for the future.
Q:What is the i-Saraan Plus plan?
The i-Saraan Plus program gives gig workers, like e-hailing and p-hailing drivers, up to RM600 a year in matching payments from the government through the EPF. They can also get money from PERKESO to help keep them safe.
Q:Which part of the 2026 budget got the most money?
Some of the primary areas that get a lot of money are health care, social services, tourism, and digital innovation. The healthcare sector is getting RM46.5 billion all by itself.
Q:What are the main goals of the Malaysia Budget for 2026?
The budget’s goals are to close the gap, cut the cost of living, increase social protection, help the economy get stronger, and foster long-term growth.
Conclusion
In the end, the Budget 2026 shows what Anwar Ibrahim wants for Malaysia: a strong, welcoming country that is ready for the future. By putting money into projects that help people, it finds a middle ground between social welfare and economic responsibility.
The Malaysian budget for 2026 sets aside a lot of money to help STR, safeguard gig workers, enhance healthcare, and bring in more visitors. This is a terrific first step toward long-term growth and shared wealth in the future.
