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Malaysia’s 2023 budget likely to be trimmed down
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Economists believe the new budget by Malaysian PM Anwar Ibrahim could see some rationalisation and realignment.
PHOTO: AFP
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KUALA LUMPUR - Prime Minister Anwar Ibrahim could unveil a smaller budget for 2023 compared with Malaysia’s second-largest budget of RM372 billion (S$113 billion) announced by his predecessor in October, with the record development expenditure of RM95 billion expected to be downsized.
Economists believe there could be some rationalisation and realignment for the new budget.
