PETALING JAYA: The new Budget 2023 to be tabled on Friday is expected to see a smaller budget deficit and economists believe closer inspection and scrutiny on spending plans will help keep a lid on expenses.
Maybank Investment Bank (MIB) Research is expecting the government to lower its budget deficit through to approximately RM95bil or 5% of gross domestic product (GDP), against the RM99.1bil (5.5% of GDP) target outlined in the original Budget 2023 tabled on Oct 7 last year, while re-emphasising its commitment to further reduce the deficit to 3.5% by 2025.
