中国报

星洲日报

THE EDGE

THE EDGE

THE EDGE

THE MALAYSIA RESERVE

THE MALAYSIAN RESERVE

2023 Budget and Economic Prospects

• The Budget 2023 set a course for sustaining economic recovery amid a small effort to resume the fiscal consolidation path for restoring the health of public finances.

• Ministry of Finance (MOF) expects the economy to pace slower to 4.0%-5.0% in 2023 from estimated 6.5%-7.0% in 2022 due to:

  i. Slower domestic demand; and

  ii. Slower exports on weaker global demand and lower energy and commodity prices.

2023 Budget – Measures and Initiatives

• The fiscal policy remains expansionary to support continued economic growth while undertaking economic reforms.

• FOR KELUARGA MALAYSIA: Financial assistance and personal tax reduction to ease the financial burden of targeted households.

• FOR BUSINESSES AND INVESTMENT: Incentives to attract investment; financing and loan facilities for SMEs; allocation for public infrastructure and utilities.

• FOR SUSTAINABILITY: Green initiatives and Environmental, Social and Governance (ESG); financing for sustainable Development; and 5G infrastructure.

Malaysia in RCEP: Reap the Benefits, Face the Competition

Please click the box below to download the slides:

The Star