It seems that the Malaysian government did not want to risk anything with Budget 2022. Budget 2022 set its focus on protecting and driving the recovery of livelihoods, rebuilding national resilience and catalysing reforms. The projected increase in tax revenue in 2022 assumes a 6% increase over the 2021 tax collection. Budget 2022 was short on outlining initiatives to enable Malaysia to build a sustainable tax revenue base. All in all, Budget 2022 had a lot of allocations and grants like previous Budgets.
