Budget 2027: Making 2027 the Year of Malaysian MSMEs through purpose-driven governance - Geoffrey Williams
Kuala Lampur, Oct. 13 -- The ultimate measure of the success of Budget 2027 is not so much in macro-economic figures but in the tangible impact felt on the ground by businesses and workers.
In Budget 2027 the Madani government has dubbed 2027 officially as the Year of Malaysian MSMEs.
MSMEs are often cited as the backbone of the economy making up 97.4 per cent of all businesses in Malaysia with microenterprises taking up 77.4 per cent, small-sized firms 21.4 per cent and medium-sized firms 1.1 per cent. They employ 8.1 million people or 48.7 per cent of the total workforce.
In 2025, MSMEs outpaced national GDP growth with value-added growing by 5.7 per cent and exceeding the overall national GDP growth rate of 5.2 per cent. MSMEs accou...
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