Kuala lumpur: Economic growth for the first quarter of this year is anticipated to align with or surpass the advance projection of 5.3 per cent, Economy Minister Akmal Nasrullah Mohd Nasir stated today.

According to BERNAMA News Agency, the Department of Statistics Malaysia had previously estimated a 5.3 per cent growth for the first quarter of 2026, which is a moderation from the 6.3 per cent growth in the previous quarter. Bank Negara Malaysia is set to announce the economic performance for the quarter tomorrow.

Akmal Nasrullah noted that while there are still some unresolved data discrepancies regarding the forecast, the initial estimate might have been conservative. He remarked, "Although I am personally inclined to tone down expectations given the current crisis, I expect 1Q growth will not differ much from our projection and may even be better than what was estimated," following the launch of the 32nd edition of the Malaysia Economic Monitor (MEM) report.

The report, issued by the World Bank, is themed "Raising the Ceiling, Raising the Floor: The Jobs Agenda as a Productivity Agenda." On the fiscal position, Akmal Nasrullah highlighted the challenge posed by limited global energy supply on oil and gas prices, urging a balance between reducing the fiscal deficit and safeguarding public welfare.

While addressing the economic impact of the crisis, Akmal Nasrullah emphasized the importance of maintaining economic growth through government investment. The government plans to adjust the Budi MADANI system as necessary to ensure economic resilience.

He also mentioned the need to manage diesel subsidies efficiently to prevent smuggling activities and leakages. Although there have been discussions about the BUDI RON95 quota, no decisions have been finalized at the National Economic Action Council level. Prime Minister Datuk Seri Anwar Ibrahim is expected to provide further clarification on the country's fuel supply situation.