Expansionary spending and fiscal discipline


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PRIME Minister-cum-Finance Minister Datuk Seri Anwar Ibrahim delivered a total expenditure of RM386.1bil or 20.4% of gross domestic product (GDP) in 2023, which is even higher than the original budget of RM372.3bil.

That said, the Budget 2023 allocation marked a decline of 2.3% from 2022’s RM395.2bil, due to the expiry of the special trust Covid-19 Fund.

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