Budget 2023: Live Updates

PETALING JAYA: Budget 2023 is expected to continue the country’s ongoing recovery momentum in addition to placing emphasis on structural reforms and strengthening economic resilience.

Themed "Strengthening Recovery, Facilitating Reforms Towards Sustainable Socio-Economic Resilience of Keluarga Malaysia”, Budget 2023 will also see focus given to the people, businesses and the economy.

Follow The Star's complete coverage of Budget 2023 here.

Here are the highlights of Budget 2023.

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Budget 2023: Income tax cut by two percentage points for RM50,000-RM100,000 taxable range

Budget 2023: Electricity bill subsidy extended to homes with total income up to RM1,169

Budget 2023: RM100 ewallet credit to be given to M40 Malaysians

Budget 2023: Early schooling aid raised to RM150 for all pupils

Budget 2023: Govt to bear 80% of Socso contributions for gig economy workers

Budget 2023: Education Ministry gets biggest slice of the pie with RM55.6bil allocation

Budget 2023: Defence Ministry gets RM17.4bil allocation

Budget 2023: Health Ministry gets RM3.7bil more than in 2022

Budget 2023: RM332mil allocated to promote active lifestyles

Budget 2023: RM73mil allocated to combat online scams

Budget 2023: Women returning after 'career breaks' to get income tax exemptions for five years

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Budget 2023 , Tengku Zafrul , Parliament , Economy

   

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