Budget 2023 allocates RM372.3b, significant increase from Budget 2022, 2021

KUALA LUMPUR, Oct 7 -- Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz tables the Budget 2023 in Parliament today. BERNAMAPIX: The 2023 Budget allocated a total of RM372.3 bilion, a significant increase from the RM332 billion allocated for Budget 2022 and RM322 billion for Budget 2021.

This is the second budget tabled under the government led by Prime Minister Datuk Seri Ismail Sabri Yaakob and also the second since the 12th Malaysia Plan was launched on Sept 27 last year.“The budget is highly responsive to any challenge, which will be done through the comprehensive assistance made available to Keluarga Malaysia , not only the B40 group, but also the M40 group, women, youth, persons with disabilities and all segments of society,” he said.

Tengku Zafrul said the 2023 Budget is also a reformist that will took the opportunity to change the country’s development landscape to be more inclusive and sustainable while supporting a strong national industry through strategic investment.

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