Malaysia

Job, income recovery a focus area in Budget 2022, Tengku Zafrul says

Finance minister says social protections will also be bolstered in bid to build socio-economic resilience

Updated 5 years ago · Published on 07 Sep 2021 9:41PM

Job, income recovery a focus area in Budget 2022, Tengku Zafrul says
Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz says the government is ‘keen to hear how we can reach out to segments of society in ways that are more effective, innovative and customised to the specific needs of communities’. – Bernama pic, September 7, 2021

KUALA LUMPUR – The government will specifically look into job and income recovery in Budget 2022, in addition to strengthening social protections through focused assistance in an effort to build socio-economic resilience.

At a virtual session of a Budget 2022 consultation session, Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz highlighted Putrajaya’s focus on structural reforms, including closer collaboration with civil society organisations as the government’s delivery partner to achieve the goals outlined in the National Recovery Plan and next year’s spending plan.

This is in line with the government’s longer-term aspirations as stated in the 12th Malaysia Plan and Shared Prosperity Vision 2030. 

“The government remains committed to helping those in need, particularly the rakyat who are still affected by the Covid-19 crisis,” said Tengku Zafrul in a statement.

“We are keen to hear how we can reach out to segments of society in ways that are more effective, innovative and customised to the specific needs of communities.”

The consultation, organised by Yayasan Hasanah, the foundation of Khazanah Nasional Bhd, saw the participation of the finance minister and representatives of civil groups and social enterprises, and was aimed at outlining key recommendations to strengthen the delivery of social assistance programmes.

Civil groups have been identified as the government’s key development partners to enable faster and more sustainable socio-economic recovery.

In the statement, Yayasan Hasanah said the past 18 months have shown the critical role played by grassroots organisations, including civil groups, which have come together to complement Putrajaya’s efforts to respond in a timely manner.

During the consultation, Yayasan Hasanah managing director Datuk Shahira Ahmed Bazari made three recommendations to support and catalyse social impact, including longer-term organisational development support to build regional and global civil organisations that can deliver quality and impactful programmes at scale.

She said there is an urgent need for a more dynamic, up-to-date and customised database system to minimise gaps in welfare programmes, as well as structural reforms through tax support and incentives for social enterprises, civil society and donors. – Bernama, September 7, 2021

Related News

Business / 1w

Generating new revenue sources: Malaysia should look into marine-fuel industry, says expert

Malaysia / 2w

Malaysia tightens border security: Crackdown hits Thai workers hard along northern frontier

Malaysia / 2w

Budget 2027: 30,000 new job opportunities; private companies to enjoy tax deductions

Tech / 3w

New digital marketplace platform #DuitJe for small entrepreneurs, creative communities

Malaysia / 1mth

Budget 2027 should address stagnant middle-income wages, says Tengku Zafrul

Community / 1mth

Penang authorities seal transit home units, occupants appeal for leniency

Spotlight

Off beat

Paya Terubong landslide: MBPP submits draft report

By Ian McIntyre

Malaysia

Bersatu, Muda sign CSA with Madani govt to back Budget 2027

By Alfian Z.M. Tahir

Malaysia

Syndicate using AI-generated 'Datuk' woman to deceive public

Malaysia

MIPP withdraws from Melaka polls after failed negotiations with PN

Malaysia

Thirteen suspended Bersatu MPs may be excluded from MADANI government deal

Malaysia

Selangor Sultan urges scholars to speak truth, leaders to respect constructive criticism

Malaysia

691 teachers flagged for immediate psychological intervention, says Fadhlina

By Alfian Z.M. Tahir

You may be interested

Malaysia

Syndicate using AI-generated 'Datuk' woman to deceive public

Malaysia

Wanita UMNO Subang Bestari sets up digital intelligence team

By Alfian Z.M. Tahir

Malaysia

Govt to consider release of full Azam Baki shareholding probe report

Malaysia

PH holds to 21-seat target for Melaka polls, leaves room for changes

Malaysia

Melaka PRN: Candidates risk rule breaches over campaign equipment, 50m restriction

Malaysia

Kluang council shuts down LED screens after cyberattack displays obscene content

Malaysia

Selangor Sultan urges scholars to speak truth, leaders to respect constructive criticism

Malaysia

Malaysia removes 828,000 online gambling posts, blocks 7,411 websites