KUALA LUMPUR, Sept 21 — Budget 2022 will remain expansionary and is conceptualised as a recovery budget to support the government’s wider and longer term reform efforts under the 12th Malaysia Plan .
clients in their transition to the needs of the new normal, including embracing digitalisation in their business focus and operations. The minister also urged more financial institutions in the country to follow suit, which will augment their business with the objectives of the Sustainable Development Goals and the Paris Climate Agreement.
In this respect, he said the banking industry is expected to facilitate lending to businesses with accommodative financing and repayment terms, including participating in the iTekad programme that supports micro entrepreneurs to start and sustain their businesses. “In the long run, the government and BNM will continue to stress the importance of financial literacy and sound financial decision-making via the various efforts under the Financial Education Network,” the finance minister said.
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