Malaysia's 2027 Budget Clears First Hurdle with Opposition Support

• Malaysia's 2027 budget has cleared its first voting stage in parliament.
• Prime Minister Anwar Ibrahim's government secured support from opposition and independent lawmakers for the budget.
• Muhyiddin Yassin, a former prime minister and ex-rival of Anwar, backed the budget deal.
• The deal involved providing constituency development funds to opposition and independent lawmakers.
• Malaysia anticipates strong economic growth, increased state revenue, and shrinking deficits in 2027.