BUKIT MERTAJAM, – The 2027 budget is described as a Micro, Small and Medium Enterprise (MSME) friendly budget following the highest allocation increase in history from RM50 billion to RM57 billion.
Minister of the Ministry of Entrepreneurship and Cooperative Development (KUSKOP) Steven Sim said that the allocation of larger funds can help reduce the cost of doing business in Malaysia, in addition to improving the efficiency of the government’s administration as a whole.
“More funding for PMKS means that the cost of doing business in Malaysia can be reduced, besides increasing efficiency. Therefore, I welcome this PMKS-friendly budget and see 2027 as an important year to strengthen the assets and businesses of Malaysians.
“With the resources and funds provided, KUSKOP will continue its efforts to achieve its mission to empower Malaysian businesses,” he told the media at the Madani Kita Program in Berapit, here.
Among the main initiatives announced include the addition of an allocation of RM5 billion for the PMKS Stabilization Fund by Bank Negara
Malaysia, as well as an increase in micro credit funds to RM 6.6 billion.
