PUTRAJAYA: Initiatives to enhance the people’s well being by increasing their particular income as well as interpersonal protection will be section of the government’s focus pertaining to Budget 2023, states the Finance Ministry.
Its Deputy Minister Datuk Mohd Shahar Abdullah mentioned other initiatives consist of enhancing resilience in order to tackle future situations and improving company competitiveness.
This individual added that the upcoming Budget would furthermore emphasise five major aspects.
ALSO READ: Budget 2023: Concentrate on initiatives to face issues of bleak economic climate, says PM
“These are usually: strengthening economic recuperation through gross domestic product (GDP) growth; increasing the country’s competitiveness in the write-up Covid-19 era simply by placing a focus on increasing productivity with the use of technology and automation; strengthening Malaysia’s financial position and providing targeted subsidies.
“The Budget will also aim to protect the welfare of the individuals through social security programmes such as healthcare services and quality education, among others.
“Lastly, it also aspires to promote inclusive growth aligned with goals listed as EL Sustainable Development Goals, ” he said in his speech in the Budget 2023 public consultation session upon Tuesday (Aug 23).
ALSO READ: Budget 2023 needs support from Opposition
He also noted that a total of 242 organisations including associations, company chambers, academics plus non-governmental organisations experienced presented 1, 935 memorandums on the Budget.
“More wedding sessions will be held in the coming several weeks, along with meetings to take a deeper glance at the issues and recommendations presented here these days, ” he said.
The program is part of attempts to establish an online platform between the government and various stakeholders to generate feedback on preparing an inclusive Budget for all industries of society.