KUALA LUMPUR, July 21 ― Budget 2023 will focus on a more sustainable subsidy management, strengthening the country’s resilience against future shocks and fiscal consolidation, according to Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.
“Budget 2023 will take into consideration sustainability-related initiatives as the world grapples with challenges involving geopolitical uncertainties and climate change,” he said in a written parliamentary reply to Datuk Seri Saifuddin Nasution Ismail Ismail, who wanted to know how the policies, strategies and approach in drafting Budget 2023 differ from past Budgets.
The finance minister said in line with post-Covid-19 economic recovery momentum, Budget 2023 will also continue to focus on the people’s well-being agenda, especially in terms of income and social protection.