2027 Budget: Record RM57bil financing facilities for MSMEs
KUALA LUMPUR: The government has allocated a record RM57 billion in financing facilities for micro, small and medium enterprises (MSMEs) under the 2027 Budget to help the sector navigate global economic uncertainties.
Entrepreneur Development and Cooperatives Minister Steven Sim said the allocation, up from RM50 billion previously, reflected the government's commitment to strengthening the sector through better access to financing, lower business costs and improved government service delivery.
He said the government understood the pressures MSMEs faced amid global economic fluctuations, including rising energy costs and supply chain disruptions beyond the country's control.
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This is a brief of a report by another newsroom. The excerpt below is from the original.
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About this story
- Source
- New Straits Times
- Originally published
- Oct 16, 2026
- Updated here
- Oct 16, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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