PM Anwar Ibrahim chairing the fiscal policy committee meeting on February 3, 2023. The Prime Minister’s Office says Budget 2023 will prioritise economic growth based on careful spending and equitable development centred on social justice for Malaysians. – PMO handout pic, February 3, 2023.
Including liabilities, it said the debt level had reached RM1.5 trillion, or more than 80% of the GDP last year.“Hence, Budget 2023 will reflect the unity government’s responsibility, which prioritises growth, equitable distribution and social justice. The government will maintain an expansionary fiscal policy to support economic growth and is also committed to reducing the deficit gradually to ensure that the debt and liability ratio to GDP is manageable.
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