To maintain fiscal shrewdness, expenditure would also need to be reduced. Budget2023 Belanjawan2023
However, while recovery was gathering pace, the government still needed to increase operating expenditure because subsidies and social assistance were still necessary as Malaysians focus on recovering from the lockdowns in 2022 without the concerns of any movement controls being implemented.
Overall, Malaysia has outperformed many countries in 2022 economically primarily on the back of pent-up and robust domestic demand, but as global macroeconomic uncertainties continue to linger this year, the government’s focus remains on addressing economic risks to the country as well as on the general well being of Malaysians.
It is clear that the government is expecting revenue to edge down following the cautious outlook on the global economy which is anticipated to also affect Malaysia. Hence, to maintain fiscal shrewdness, expenditure would also need to be reduced.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget 2023: Sim calls for Opposition support if govt moves to tax vape liquidsKUALA LUMPUR: Support from MPs from both sides is needed if vape liquids are to be made taxable under Budget 2023, says Deputy Finance Minister Steven Sim.
Read more »
'I am working on it,' Anwar says on Budget 2023GOMBAK: Prime Minister Datuk Seri Anwar Ibrahim says that he is completely focused on preparations for Budget 2023 which will be tabled on Friday (Feb 25).
Read more »
Budget 2023 to include alternatives to EPF withdrawalsKuala Lumpur: The revised 2023 budget will include alternative measures to Employees’ Provident Fund (EPF) withdrawals, deputy finance minister Ahmad Maslan told the Dewan Rakyat.
Read more »
Budget 2023: I am working on it, says PM AnwarKUALA LUMPUR, Feb 22 — Prime Minister Datuk Seri Anwar Ibrahim said he is still working on the Budget 2023 which is scheduled to be tabled in Parliament this Friday. “I am...
Read more »
Budget 2023: “I am working on it” - PM Anwar“I am going back to the office. I am working on it,” Anwar briefly answered theSun theSundaily Budget2023 preparations Parliament PrimeMinister Finance Malaysia
Read more »
Cash aid for B40 will be announced when Budget 2023 unveiled, says AnwarKUALA LUMPUR: Any plans to give direct cash aid to reduce poverty will be announced when Budget 2023 is tabled on Friday (Feb 24), says Datuk Seri Anwar Ibrahim.
Read more »