A tough balancing act

Lee expects a cut in development expenditure in the upcoming Budget 2023.

PETALING JAYA: With a national debt of almost RM1.2 trillion and a towering subsidy bill, Budget 2023 is a tough balancing act for Prime Minister Datuk Seri Anwar Ibrahim and his Cabinet.

Unlike the pre-election Budget 2023, which was heavy with election goodies, economists said the revised budget must incorporate some “adjustments” for a more sustainable fiscal spending.