Finance Ministry invites stakeholders to share inputs for Budget 2023

KUALA LUMPUR, June 3 — The Ministry of Finance will begin its engagement and consultative sessions with various stakeholders under its Pre-Budget Statement to ensure a comprehensive and holistic Budget 2023.

He said the PBS would also highlight the need to strengthen Malaysia’s economic and fiscal resilience in 2023 and beyond while also managing downside risks including those arising from geopolitical tensions as well as disrupted supply chains that have drastically increased global commodity and food prices Tengku Zafrul said it would also highlight the strategic transition from the current recovery phase towards longer-term reforms to facilitate better income opportunities, enhanced holistic...

He said the Budget 2023 would also focus on creating a conducive business environment, especially on enhancing the competitiveness and productivity of small and medium enterprises , boosting the recovery of tourism and other pandemic-impacted sectors, leveraging on Malaysia’s leadership in Islamic finance as well as catalysing new growth areas including moving industries up the value chain.

He said based on the Keluarga Malaysia principle, the government also aimed to partner with the private sector, NGOs and civil society on specific budget measures.

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