Revised Budget 2023 Highlights

Alex Cheong Pui Yin

24th February 2023 - 1 min read

Prime Minister Datuk Seri Anwar Ibrahim has retabled the national Budget for year 2023 in the Parliament today, introducing various adjustments and new initiatives to supersede the previous Budget 2023 that was tabled back in October 2022.

This time featuring an allocation of RM388.1 billion – up from the RM372.3 billion originally earmarked for the initial version of Budget 2023 – Datuk Seri Anwar, who is also the Finance Minister, said that the revised Budget 2023 contains efforts to address key issues afflicting the public, including the rising cost of living. It is also designed to help with other problems, such as the national deficit, digitalisation issues for SMEs and businesses, and food safety.

Themed “Developing Malaysia Madani”, here are several key highlights from the revised Budget 2023 that Malaysians should be aware of:

With this, we hope that you have an idea of what the revised Budget 2023 has to offer! You can also follow our in-depth coverage of the national budget here.

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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.

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dehab

1 year ago

Stamp duty exemption for purchase of first home is not mentioned in the revised Budget 2023, what is stated is stamp duty exemption for transfer of property between family members.