Budget 2023: Key Highlights To Know

Budget 2023

Alex Cheong Pui Yin

7th October 2022 - 1 min read

At 4pm today, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz has tabled the national Budget for year 2023 in the Parliament – amidst much anticipation. With the allocation of RM372.3 billion – up from the previous year’s RM332 billion – it is expected to boost the welfare of Keluarga Malaysia, even as it focuses on the country’s economic recovery and socio-economic development. Accordingly, the Ministry of Finance has declared the themes of Budget 2023 to be “Strengthening Recovery, Facilitating Reforms Towards Sustainable Socio-Economic Resilience of Keluarga Malaysia”.

With numerous initiatives having been announced, here are some key highlights from Budget 2023 that you should know.

You can also view our other write-ups on Budget 2023 here for more in-depth coverage, and keep an eye out for upcoming articles!

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

About THE AUTHOR

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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