Budget 2023 will be presented on today 4pm.
Congress will receive the 2023 budget on October 7 of this year. This will also be Tunku Zafrul, Malaysia’s finance minister, and Ismail Sabri’s second budget proposal since taking office as the country’s ninth prime minister.
Congress is not anticipated to be dissolved within this week, despite the tortuous reports of “dissolving Congress,” and the 2023 Budget will be submitted to Congress on October 7.
Due to the budget’s direct impact on people’s economic circumstances in the upcoming year, the yearly budget will come to the attention of the entire nation. aThis year, there has been significant inflation, and the National Bank has often increased interest rates. Everyone wants to receive a portion of the budget and lighten their financial burden.
Highlights of the 2023 Budget include the administrative spending to development expenditure ratio, the distribution of BKM aid, the distribution of e-wallet incentives, the distribution of school start aid, and how the government may lower costs and assist people in purchasing homes. the costs associated with home purchases, initiatives to promote and subsidise electric vehicles, and programmes to save energy and cut carbon emissions.
The B40 low-income group gives humanitarian projects the greatest attention, the M40 middle-income group gives tax relief-related projects the most attention, and small and medium-sized businesses provide loans and business-related initiatives the most attention.
Major TV networks including RTM, Astro, TV3, Octave, and Bernama all have live broadcasts of the Budget available. Additionally, the budget will be streamed live on Facebook and other platforms.
When the Budget is announced, this website will also provide you with the most recent reports and updates.
