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Budget for 2023 not tabled in vain, important for investors' confidence: Malaysian finance ministry

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KUALA LUMPUR: The Malaysian Ministry of Finance said that the tabling of the 2023 budget last week was not in vain as it will be retabled again after the upcoming general elections. In a statement on Wednesday (Oct 12), the ministry also said that the budget can be an

KUALA LUMPUR: The Malaysian Ministry of Finance said that the tabling of the 2023 budget last week was not in vain as it will be retabled again after the upcoming general elections.

About RM272.3 billion is allocated for operating expenditure and RM95 billion for development expenditure. The tabling of the budget just days before parliament was dissolved led to criticisms by many quarters who saw it as a waste of time. “With the tabling of the 2023 budget, the government can implement it in Jan 2023 as soon as the government has been formed after GE15.

It said that as a precedent in 1999, the 2000 budget had been tabled in October and did not get approved as the parliament was dissolved not long after.

 

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