Pre-Budget Statement 2023

The tabling date (7th October 2022) of Budget 2023 and GE15 are approaching. Being responsible and mature Malaysians, we shall be aware of what is coming next despite the current difficult economic situation and disappointments.

Let's have a look at the budget 2022 performance and key priorities for Budget 2023 by clicking the link below. https://www.mof.gov.my/.../Pre-Budget-Statement-2023.pdf

Tax revenue collection as of April 2022:

1. Direct Tax collection stood at RM45.6 billion

2. Indirect Tax collection recorded RM17.3 billion

Budget 2023 themes – Strengthening Recovery, Facilitating Reforms Towards Sustainable Socio-Economic Resilience of Keluarga Malaysia

3 priority areas of Budget 2023:

a. Reinforcing the momentum of economic recovery by ensuring it is not just recovery in GDP terms but also a job and income recovery for Malaysians and businesses.

b. Strengthening economic resilience against future shocks through reforms towards better social protection especially of vulnerable segments of society, a stronger public health system, more sustainable fiscal position to provide buffers against future shocks and by undertaking more targeted forms of subsidies and assistance.

c. Implementing comprehensive reforms in the economic and social aspects for businesses, priority sectors and the nation to emerge more competitive globally while advancing its sustainable development agenda.

Pre-Budget-Statement-2023.pdf

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