Budget 2023: Moving on to 2023

PETALING JAYA: The cessation of lockdowns and other restrictions, as well as the transition into the endemic phase has played a major role in the strong economic recovery of the country last year, bringing about a commendable growth in government revenue.

However, while recovery was gathering pace, the government still needed to increase operating expenditure (OE) because subsidies and social assistance were still necessary as Malaysians focus on recovering from the lockdowns in 2022 without the concerns of any movement controls being implemented.