Malaysia

Budget 2023 to focus on post-pandemic economic recovery: Mustapa

Aim to ensure inflation under control, create more job opportunities, says minister

Updated 3 years ago · Published on 25 Sep 2022 3:23PM

Budget 2023 to focus on post-pandemic economic recovery: Mustapa
Datuk Seri Mustapa Mohamed says the budget is a short-term economic plan that requires transformation. – File pic, September 25, 2022

JELI – The government will focus on efforts to revive the country’s economy in Budget 2023, which is to be tabled this October 7, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.

He said previously, the focus was on the health aspect, and as the Covid-19 situation improves, the focus will be on the economic recovery process.

“The main task of the prime minister and the cabinet is to ensure that inflation is under control and job opportunities continue to be created, and at the same time continue to assist the small and medium enterprises,” he told reporters here today.

Elaborating, Mustapa, who is also Jeli MP, said the budget is a short-term economic plan that requires transformation.

“We must introduce reform measures; if we continue with the old measures, we will not succeed. We assure you that the government will focus on strengthening the economy so that the people can live comfortably,” he said.

He said the government also wants to create more job opportunities for everyone, including the youth.

“What is important is that we want to ensure that our economy will grow at 5.6% to 6.4% as targeted,” he added. – Bernama, September 25, 2022

Related News

Malaysia / 2y

Balance of Budget 2023 funds must be utilised before year end, says Ahmad Maslan

Malaysia / 3y

60% Budget 2023 spending achievable by August: Ahmad Maslan

Malaysia / 3y

RM188 bil of 2023 budget spent as of June: Anwar

Sports & Fitness / 3y

Sabah rugby club hopes for swift execution of budget’s matching grants

Malaysia / 3y

Refer Anwar to privileges committee over contradictory budget speech: Rosol

Malaysia / 3y

My budget far better than yours: Anwar claps back at PN’s ‘neglect’ claim

Spotlight

Malaysia

RM245m Penang Hill cable car project 32 per cent complete - CM

By Ian McIntyre

Malaysia

Six locals charged over alleged kidnapping of Singaporean couple in Johor

Malaysia

PM: No political, racial or religious shield for those found guilty in TH, Felda probes

Malaysia

Singapore security guard jailed 14 days, fined RM7,000 for insulting Islam

Health

Dengue cases soar 56% to 58,079 as nation records 55 deaths

Malaysia

NGOs urge BERSAMA to put Indian community agenda on political radar

By Alfian Z.M. Tahir

Health

MOH warns seniors against unproven hydrogen inhalers

Malaysia

Former Tabung Haji CEO remanded seven days as MACC RCI probe deepens

Malaysia

21 held in KLIA-Nilai crackdown on alleged online love scam syndicate

You may be interested

Malaysia

NGOs urge BERSAMA to put Indian community agenda on political radar

By Alfian Z.M. Tahir

Malaysia

Anwar: Felda’s RM2.5b Eagle High Investment could shrink to RM200m

Malaysia

Malaysia-Brunei to discuss regional haze, border security at Annual Leaders’ Consultation

Malaysia

Pahang Sultan stops convoy to aid seriously injured crash victims in Sarawak

Malaysia

Singapore security guard jailed 14 days, fined RM7,000 for insulting Islam

Malaysia

Armed gang escapes with RM500,000 in jewellery after five-minute Kuantan raid

Malaysia

‘Look at temple dispute based on facts and laws’ – DAP reps tell Rayer

By Alfian Z.M. Tahir

Malaysia

Two local firms get access to Arm technology in push for homegrown chip design