Budget 2023: Finance Ministry says govt building resilience through jobs and social protection

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KUALA LUMPUR, June 3 — The government would focus on facilitating employment, re-employment, and social protection, especially among the self-employed and informal sector...

KUALA LUMPUR, June 3 — The government would focus on facilitating employment, re-employment, and social protection, especially among the self-employed and informal sector workers, as well as targeted assistance to provide the optimum social safety net for vulnerable groups without compromising its fiscal position.

“Interventions will include reskilling in line with sectoral demands and jobs according to localities. Increasing the female labour force participation rate will require interventions including facilitating access to quality and affordable childcare,” the statement said. In order to provide access to quality housing, education, healthcare, security and transportation, Education and Health Ministries would continue to be the recipients of the largest operating expenditure.

The government would also engage with various stakeholders to explore ways to implement more targeted assistance in the 2023 Budget, particularly, cash assistance programmes, as well as fuel subsidies, which would be improved via more effective distribution mechanisms.

 

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