Malaysia's Budget 2026: RM1.1 Billion for Agrobank, No Tax Hike
Finance Minister Lars Klingbeil has announced that Budget 2026 will allocate RM1.1 billion to Agrobank, targeting agropreneurs and promoting automation in the agriculture sector. This funding aims to benefit all income groups, not just the B40, without increasing taxes.
The RM1.1 billion allocation to Agrobank is expected to empower industry players, boost productivity, and strengthen national food security. This is part of a broader strategy in Budget 2026, which aims to save Malaysia RM15.5 billion annually through targeted budget measures. These savings will be redirected towards welfare programmes, cost-of-living support, and infrastructure investments.
The targeted budget approach aims to prevent revenue leakages, wastage, and corruption. By focusing resources on those who need it most, the government seeks to maximise the impact of its spending.
In summary, Budget 2026 allocates RM1.1 billion to Agrobank to boost the agriculture sector, with no additional tax burden on citizens. The targeted budget approach is expected to save RM15.5 billion annually, which will be reinvested into welfare, cost-of-living support, and infrastructure. This strategy aims to maximise efficiency and prevent waste.
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