KUALA LUMPUR, Oct 15 (Bernama) -- Budget 2026 reflects the government’s commitment to introducing new economic approaches and initiatives designed to empower the people, particularly the younger generation, said political secretary to the Finance Minister, Muhammad Kamil Abdul Munim.
He said that educational initiatives such as free education for underprivileged and middle-income groups provide much-needed relief to the people.
“Although some quarters have mocked the government when we spoke about free education, today the MADANI government has proven that it can be achieved, provided it is aligned with the government’s current financial capability,” he said.
Muhammad Kamil said this after officiating the 10th ASEAN Young Entrepreneurs Carnival at the Malaysia External Trade Development Corporation (MATRADE) Exhibition and Convention Centre here today.
He was representing Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, who was unable to attend the event.
On October 10, Prime Minister Datuk Seri Anwar Ibrahim announced that the government would offer free education to 5,800 children from low-income families studying at public higher learning institutions (IPTA) through the National Higher Education Fund Corporation (PTPTN) starting next year.
He said the initiative involves an annual allocation of RM120 million for poor families with a household income below RM2,705.
Muhammad Kamil added that Budget 2026 also introduces many new benefits for the people, including tax exemptions regardless of social background or economic status.
“The government has demonstrated that this 2026 budget can be implemented with strong political will, integrity-driven governance and efficient management.
“If all these elements are realised, the resulting savings can be redirected for the benefit of the people,” he said.
Muhammad Kamil also said that the 10th ASEAN Young Entrepreneurs Carnival presents a valuable opportunity for young entrepreneurs to showcase their business potential not only domestically but also globally.
“This platform should be optimally utilised not only to build networks but also to explore new business opportunities and potentials, especially for the youth.
“Participating in this platform are the World Economic Forum, as well as partners from ASEAN and European countries,” he said.
-- BERNAMA
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