As Malaysia prepares for its 15th General Election (GE15), it is expected to table its largest annual budget to date, aimed at strengthening economic recovery. The 2023 Budget is anticipated to surpass the previous record of RM322.1 billion, focusing on stimulating growth and supporting the people. While some expect the budget to include election-focused spending, others predict a more cautious approach due to global economic uncertainties. GDP growth for this year may be revised upwards, although growth is expected to moderate in 2023.A BUDGET TO BOLSTER ECONOMIC RECOVERY
As Malaysia prepares for its 15th General Election (GE15), it is expected to table its largest annual budget to date, aimed at strengthening economic recovery. The 2023 Budget is anticipated to surpass the previous record of RM322.1 billion, focusing on stimulating growth and supporting the people. While some expect the budget to include election-focused spending, others predict a more cautious approach due to global economic uncertainties. GDP growth for this year may be revised upwards, although growth is expected to moderate in 2023.
