KUALA LUMPUR, MALAYSIA Oct. 22, 2025 – In a spirited address to Parliament, Member of Parliament for Puchong, Yeo Bee Yin, praised the government’s Budget 2026 as a blueprint putting Malaysia firmly “on the right track,” drawing on glowing assessments from the world’s leading accounting firms and top banking executives.
Yeo, a prominent voice in the ruling Pakatan Harapan coalition, delivered her remarks during the ongoing debate on the record RM470 billion (US$111.4 billion) expenditure plan, the largest in the nation’s history and the first aligned with the 13th Malaysia Plan. Tabled by Prime Minister Anwar Ibrahim earlier this month, the budget emphasizes fiscal consolidation, digital transformation, and inclusive growth amid global uncertainties, including targeted subsidies and green economy incentives.
“Belanjawan 2026: Big 4 – Malaysia is on the Right Track!” Yeo declared in a nearly two-minute video clip shared on her X (formerly Twitter) account, which has garnered over 600 views and dozens of likes within hours. The footage, captured from the Dewan Rakyat chamber, shows Yeo at the podium, flanked by national flags and economic charts, as she flips through a binder of reports.
Central to her pitch were endorsements from the “Big 4” audit giants—EY, PwC, Deloitte, and KPMG—whose post-budget analyses she brandished as evidence of the plan’s strategic foresight. EY highlighted the budget’s focus on “digitization, transformation, and enhanced governance” as a “commitment to strengthen inclusive, technology-driven decisive moves” in public service delivery, emphasizing progressive management built on raising standards rather than rates. PwC welcomed the “year of revenue-raising proposals” as a pause on aggressive fiscal tightening, allowing the government to “consolidate what’s already in place, sharpen enforcement, and provide greater certainty” for businesses and households.
Deloitte described the approach as “forward-looking,” while KPMG lauded investments that “align with national goals,” marking a shift toward “outcome-based implementation” to drive long-term growth, reduce disparities, and champion inclusive relief measures—particularly in the second quarter of implementation. Yeo underscored these views as validation of the Ekonomi MADANI framework, which anchors the budget’s reforms, including tax loophole closures and sustainability incentives for small and medium enterprises (SMEs).
Yeo extended her optimism to the financial sector, quoting banking leaders who see the budget as a booster for sustainable growth. Datuk Seri Abdul Farid Alias, President and Group CEO of Maybank, called it a “welcomed breather” that prioritizes people, especially the marginalized, while projecting GDP growth from 4.8% in 2025 to 5% in 2026 through ongoing reforms. Dato’ Adnan Razli of Affin Bank Group expressed encouragement over the government’s fiscal consolidation targeting 3% of GDP by 2026, and AmBank Group CEO Jamie Ling noted enhanced investor confidence via policy clarity on internal risk management.
The budget, unveiled on October 10, balances expansionary spending with restraint, featuring highlights like a four-year extension of foreign-sourced income exemptions (2027–2030), tourism tax incentives, and a salary threshold hike for employment contract stamping from RM300 to RM3,000 starting January 2026. Critics, however, argue it could have gone further in addressing vulnerabilities in an uncertain global economy, though efforts to curb tax leakage through anti-corruption measures were commended.
Yeo’s intervention comes amid heated parliamentary debates, with the budget set for a vote next week. Her post, hashtagged #belanjawan2026, #malaysiamadani, and #puchong, signals strong coalition support as the government pushes for passage. “This is not just numbers—it’s a resilient future for all Malaysians,” she concluded in the video.
As Malaysia navigates post-pandemic recovery, Yeo’s address underscores a narrative of measured progress, with the Big 4’s stamp of approval lending international credibility to Anwar’s economic vision.
