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2023 Pre-Budget Statement.pdf

Pre-Budget-Statement-2023.pdf
Preview of 2023 Pre-Budget Statement
🔗 Source: mof.gov.my
📊 Size: 491 KB
👤 Author: goainul
⬇️ Downloads: 98

Summary

The 2023 Budget will focus on reforms to improve the wellbeing of the people, particularly income and social protection, and the competitiveness of Malaysian businesses.
 The Budget will prioritize inclusiveness, fiscal sustainability, and a fair distribution of wealth.
The Government will focus on strengthening the nation's resilience against future shocks and consolidating its fiscal position.
 The economy is expected to grow at a rate of 5.3 to 6.3% in 2022, after achieving 3.1% growth in 2021.
The Budget will address the challenges of increased geopolitical uncertainty, global inflationary pressures, and supply disruptions.
 Sustainability measures will be included in the Budget to mitigate the impact of climate risks.
The Government will prioritize targeted and sustainable subsidy management.

Budget 2023 Themes

Strengthening Recovery
Facilitating Reforms
 Sustainable Socio-Economic Resilience of Keluarga Malaysia

Focus Areas

People: raising income, holistic wellbeing, social protection, and targeted assistance
 Business: small and medium enterprise competitiveness, productivity, tourism industry recovery, and new growth areas
Economy: inclusive development, green growth, sustainable development, Islamic economy, and food security
 Government: governance, public service delivery, disaster risk management, and strengthening resilience of public health.

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Description

2023 Pre-Budget Statement by Ministry of Finance Malaysia on 3 June 2022. It outlines key focus areas and current status of initiatives. The statement assesses the current economic and fiscal position.

Technical Information

  • File Format: PDF
  • File Size: 491 KB
  • Pages: 33
  • Language: EN
  • Author: goainul
  • Total Downloads: 98
  • Last Updated: 3 weeks ago

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