KUALA LUMPUR, Nov 11 (Bernama) -- The increase in Budget 2027 funding for Bumiputera G1 to G4 contractors to RM7.5 billion aims to help small contractors build their capabilities, expand their businesses and undertake projects needed by the people, Prime Minister Datuk Seri Anwar Ibrahim said.
Anwar, who is also Finance Minister, said in a Facebook post today that the allocation had been discussed during an engagement session with representatives of Bumiputera contractors’ associations, which focused on ensuring the budget initiatives benefited small contractors.
“I want these opportunities to help produce more competitive and ethical Bumiputera contractors. Every project is a trust placed in us by the people and must be carried out to the highest standard, on schedule and with full responsibility,” he said.
The allocation has been raised to RM7.5 billion from RM4 billion this year and Anwar said procurement procedures had also been simplified, including raising the direct appointment limit for government facility maintenance and repair works to RM200,000.
The measures also included financing facilities and steps to address rising diesel and bitumen costs, he added.
-- BERNAMA
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