Recognising these risks, Malaysia’s Ministry of Finance committed that Budget 2023 would continue to enhance the country’s recovery progress in 2022 while safeguarding the rakyat and businesses against current and future challenges. In order to achieve these objectives, Budget 2023 focuses on enhancing the momentum of economic recovery and strengthening the country’s economic resilience — all while implementing comprehensive reforms. The various initiatives and strategies to increase the income of the rakyat has been continued in Budget 2023. The social safety net programmes and social protection system under Budget 2023 will be designed to protect the people from various vulnerabilities and economic shocks. This conviction towards full recovery for everyone in every facet of the economy has been continued and even expanded in Budget 2023.
