Latest news with #NexusForum
The Sun
5 days ago
- Business
- The Sun
Govt to begin Budget 2026 consultations this Thursday
KUALA LUMPUR: The government will kick off its Budget 2026 consultation session this Thursday to collect feedback from various stakeholders, said Communications Minister Datuk Fahmi Fadzil. He said the consultation session will run until the final draft of the national budget is completed and aims to gather as much input as possible to ensure that Budget 2026 reflects the aspirations of both the people and the private sector. 'This consultation session is part of our effort to hear from multiple parties about their expectations and concerns regarding the content of Budget 2026,' he said after delivering a keynote address at the Chief Human Resources Officer (CHRO) Nexus Forum (CNF25) today. Also present was Youth and Sports Minister Hannah Yeoh. Fahmi explained that Budget 2026 will take into account ongoing initiatives, existing policies, as well as current geopolitical conditions and economic challenges. He said the budget will also align with the priorities outlined in the 13th Malaysia Plan (13MP) unveiled by Prime Minister Datuk Seri Anwar Ibrahim last week. One of the key focus areas of the budget, Fahmi noted, will be on micro, small and medium enterprises (MSMEs), which are vital to the national economy and play a major role in job creation. 'MSMEs are the lifeblood of our economy, contributing roughly 70 per cent of employment for Malaysians. It's therefore essential that the government understands the issues they face,' he said. According to the Parliamentary Calendar, Budget 2026 is scheduled to be tabled in the Dewan Rakyat on Oct 10. Finance Minister II Datuk Seri Amir Hamzah Azizan previously stated that Budget 2026, in line with the 13MP, will be pragmatic and practical, aimed at sustaining national progress, strengthening the economy amid global uncertainty, and building a more equitable and just society. - Bernama
The Star
5 days ago
- Business
- The Star
Govt to kick off Budget 2026 consultation session on Aug 7, says Fahmi
KUALA LUMPUR: The government is set to begin its Budget 2026 consultation session this Thursday (Aug 7) to gather feedback from various stakeholders, says Datuk Fahmi Fadzil. The Communications Minister said that the consultation session will continue until the final draft of the national budget is completed, aiming to collect extensive input to ensure that Budget 2026 reflects the aspirations of both the people and the private sector. "This consultation session is part of our effort to hear from multiple parties about their expectations and concerns regarding the content of Budget 2026," he said after delivering a keynote address at the Chief Human Resources Officer (CHRO) Nexus Forum (CNF25) on Tuesday (Aug 5). Youth and Sports Minister Hannah Yeoh was also present. Fahmi explained that Budget 2026 will consider ongoing initiatives, existing policies, as well as current geopolitical conditions and economic challenges. He stated that the budget will align with the priorities outlined in the 13th Malaysia Plan (13MP) unveiled by Prime Minister Datuk Seri Anwar Ibrahim last week. One of the key focus areas of the budget, according to Fahmi, will be on micro, small, and medium enterprises (MSMEs), which are vital to the national economy and play a major role in job creation. "MSMEs are the lifeblood of our economy, contributing roughly 70% of employment for Malaysians. It's therefore essential that the government understands the issues they face," he said. According to the Parliamentary Calendar, Budget 2026 is scheduled to be tabled in the Dewan Rakyat on Oct 10. Finance Minister II Datuk Seri Amir Hamzah Azizan previously mentioned that Budget 2026, in line with the 13MP, will be pragmatic and practical, aimed at sustaining national progress, strengthening the economy amid global uncertainty, and building a more equitable and just society. – Bernama
New Straits Times
5 days ago
- Business
- New Straits Times
Govt to hold 2026 Budget consultation council this week
KUALA LUMPUR: The government will hold the 2026 Budget Consultation Council this week to gather feedback from stakeholders for the national budget, which is scheduled to be tabled in October. Communications Minister Fahmi Fadzil said the engagement session is part of the Madani government's efforts to ensure the national budget reflects the needs and aspirations of both the people and industry players. "The engagement session will be held this Thursday, Aug 7. Essentially, it is part of an ongoing effort to gather feedback from various stakeholders, including their aspirations for the 2026 Budget," he said. "This will take into account the various ongoing initiatives and policies currently being implemented, while also considering the current geopolitical situation and prevailing challenges," he said after attending the Chief Human Resources Officer Nexus Forum. Youth and Sports Minister Hannah Yeoh was also present. Fahmi added that the government would also devote more time to understand the needs of the people and listen to the views of micro, small, and medium enterprises (MSMEs), which form the backbone of the national economy. He said MSMEs contribute approximately 70 per cent of employment for Malaysians. "As such, it is important for the government to understand the issues they are facing," he said. Fahmi said this Thursday's session would mark the first of many such engagements, which would be intensified in the coming weeks. Prime Minister Anwar Ibrahim had also advised all ministries to conduct engagement sessions with the Finance Ministry to present their views, he said. "Based on the 13th Malaysia Plan, which we hope to pass next week, we will then determine the specific areas that should be prioritised in the 2026 Madani Budget under the first rolling plan," he said, adding that the engagement process is expected to continue until the final draft is completed. The 2026 Supply Bill (Budget) is scheduled to be tabled on Oct 10, according to Parliament's meeting agenda. Finance Minister II Amir Hamzah Azizan said the national budget will continue Malaysia's trajectory of reform, inclusivity, and resilience.
