KUALA LUMPUR, Oct 12 — The tabling of Budget 2022 on October 7 is not in vain, despite it having to be re-tabled after the 15th General Election , as it is very important for investors’ confidence and policy reference to the business and investment sectors for planning purposes, especially regarding the country’s economic prospects, the Ministry of Finance said.
“If the 2023 Budget is not tabled, this will increase the sentiment of uncertainty, which will certainly have a negative impact on investor confidence,” it said in a statement today. The ministry said efforts to prepare the Budget 2023 took six months, involving more than 200 engagement sessions with stakeholders and selected sectors as well as the study of more than 250 memorandums and 12,000 proposals.