Budget 2023: Electricity tariffs to be maintained for domestic use, SMEs

KUALA LUMPUR: Electricity tariffs will be maintained for domestic users and SMEs, says Prime Minister Datuk Seri Anwar Ibrahim.

When tabling the revised Budget 2023 on Friday (Feb 24), he also said that tariffs for big companies – except those in the food and agriculture sectors – would be increased.

Themed "Membangun Malaysia Madani (Developing Malaysia Madani)”, Budget 2023 will in particular, focus on addressing the high cost of living, further strengthening the social safety net and enhancing the micro, small and medium enterprises (MSMEs) ecosystem.

In his preface for the updates on Economic and Fiscal Outlook and Revenue Estimates 2023, Anwar had said the government will also examine ways and means to reduce market disruptions as well as streamline business processes through the adoption of high technology and digitalisation.