Budget 2023 to take into account present economic challenges - PM

According to Prime Minister Datuk Seri Anwar Ibrahim, the re-tabled Budget 2023 will address the nation's present economic issues while also promoting growth and luring foreign investment.

Anwar, who is also the Minister of Finance, said the government is also taking into account the country’s competitiveness, the speed of business approvals as well as several new initiatives, including digitization and sustainable consumption and production of natural resources in the downstream process in Budget 2023.

"As such, we must address these issues to ensure we remain competitive,” he said while addressing the Finance Ministry’s (MoF) monthly gathering here today.

Also present were Deputy Finance Ministers Datuk Seri Ahmad Maslan and Steven Sim.

Anwar said that the biggest challenge in drafting Budget 2023 is coming up with well-balanced policies that would attract investors while protecting the people, especially the hard-core poor.

"Sometimes there is a slight clash of ideas and policies. This can be an example of how we can translate Madani into economic growth. "We are focusing on the people, nobody should feel left out and uncared for,” he said. - Bernama

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