PUTRAJAYA – Malaysia seeks to prioritise ramping up the nation’s participation in technology and green economy in itsThe government will also focus on boosting small and medium enterprises even as it maintains fiscal discipline amid a government debt that has exceeded nearly 1.2 billion ringgit and a budget deficit hovering at about 5.8 per cent of gross domestic product , Mr Anwar said at a budget dialogue held in the administrative capital of Putrajaya on Tuesday.
Mr Anwar, who doubles as finance minister, is set to table the country’s revised 2023 budget to Parliament on Feb 24 against the backdrop of lingering price pressures at home and increasing risks to the global economy. A reformist who heads a multiracial coalition, Mr Anwar has made protecting low and middle-income groups from rising prices the top priority of his administration.seeking to narrow the fiscal deficit.
Parliament was dissolved before lawmakers could approve that spending plan, requiring Mr Anwar to present a fresh budget that supports his coalition government’s aspirations. BLOOMBERG
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