KUALA LUMPUR: Budget 2023, which is expected to be tabled later today, is being awaited with great anticipation by Malaysians from all walks of life as it will chart the nation’s vision in the coming year. He emphasised that Budget 2023 needs to be expansive but, at the same time, able to generate a new source of income to ensure that the nation will not fall deeper in debt. He said the budget should ensure the current focus of keeping the inflation rate low is maintained. He cautioned that another round of unchecked fiscal stimulus might pressure the inflation rate to rise further. Ahmed Razman added that with rumours of the 15th general election being around the corner, political conditions would also probably affect the ringgit's performance.

Source: The Star October 07, 2022 17:33 UTC