The government will present the 2023 budget on October 7.
The 2023 budget will be presented to the National Assembly on Friday, October 7.
There are several points to note in this year’s budget, including whether the Prime Minister will dissolve the parliament and hold a national election after the budget is presented. It is rumored that the Prime Minister will dissolve the parliament on October 10 after the budget is presented on October 7.
The former Prime Minister Tun Mahathir Mohamad has dissolved the parliament after presenting the budget.
Another point to note in the budget presented on October 7 is whether the government will introduce plans to reduce the burden of home buyers, such as reducing stamp duty or giving subsidies to home buyers in the high interest rate environment.
In addition, the domestic inflation rate is rising month by month, and people are also concerned about how the government will address the domestic inflation problem, such as whether it will provide subsidies for purchasing daily food.
The government’s assistance is also one of the major points of the budget. The low-income group hopes that the government will increase the amount of assistance given out in the high interest rate and high inflation environment. The middle-income group also hopes to benefit from the assistance program.
The government is not expected to reintroduce the consumption tax next year for two reasons, that is, the government will not let the opposition parties find a topic to attack the government before the national election is held. The second reason is that the introduction of consumption tax will increase the burden of people’s life in the situation of high inflation and high interest rate.
