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Bloomberg
Malaysia will have to present the new spending plan for 2023 to parliament by the first quarter of next year, Prime Minister Anwar Ibrahim said.
He said this as he tabled a special allocation involving 107.7 billion ringgit ($24 billion) in the House of Representatives. Anwar, who doubles as finance minister, said the bill was for the purpose of paying the emoluments of civil
servants and to meet existing commitments for the first six months of 2023.
The bill “does not involve new projects, as lawmakers will be able to debate this once parliament is officiated by the king and the new budget is presented, which, according to the schedule, is at end-February or early-March,†said Anwar. The bill includes
2 billion ringgit in cash aid benefiting nine million people, he said, with the cash to be disbursed beginning January.
Anwar easily survived a parliamentary confidence vote, allowing his month-old-administration to turn its attention to the economy and to formulate a budget that would help sustain a fragile post-pandemic recovery.