Budget 2023 was the highest spending allocation ever at RM 386.1 billion (or 20.4% of GDP) compared to the initial budget tabled last year which was RM 372.2 billion. The revised budget will see the government spending RM289.1 billion on operating expenditure and RM99 billion development expenditure. However, given there was an absence of GST and target rationalisation of subsidies, did this maiden Budget by the Unity Government hit the mark when it came to its objective whilst keeping to its fiscal consolidation promises? For answers, we speak to  Julia Goh, Senior Economist, UOB Malaysia.



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Budget 2023 was the highest spending allocation ever at RM 386.1 billion (or 20.4% of GDP) compared to the initial budget tabled last year which was RM 372.2 billion. The revised budget will see the government spending RM289.1 billion on operating expenditure and RM99 billion development expenditure. However, given there was an absence of GST and target rationalisation of subsidies, did this maiden Budget by the Unity Government hit the mark when it came to its objective whilst keeping to its fiscal consolidation promises? For answers, we speak to Julia Goh, Senior Economist,&nbsp;UOB&nbsp;Malaysia.Brought to you by Mah Sing. Reinvent Spaces. Enhance LifeImage credit: Shutterstock

Opinion and analysis of today’s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

Opinion and analysis of today&rsquo;s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

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