Prime Minister and Finance Minister Anwar Ibrahim re-tabled Budget 2023 in the Dewan Rakyat today.
Budget 2023 is up 16.3 percent from the previous year and is the largest budget on record - even bigger than the one tabled by Anwar’s predecessor Tengku Zafrul Abdul Aziz in October last year.
Total budget for 2023: RM386.10 billion
(↑ 16.3 percent, 2022: RM332.1 billion)
Operational expenditure: RM289.1 billion
(↑ 23.8 percent, 2022: RM233.5 billion)
Development expenditure: RM97 billion
(↑ 29.3 percent, 2022: RM75.6 billion)
Revenue for 2022: RM291.5 billion
(↑ 24.6 percent, 2021: RM234 billion)
Projected deficit for 2023:
5 percent (2022: 6 percent [estimate])
