Budget 2022: Opportunity to build resilience in critical sectors

THE upcoming Budget 2022 represents an opportunity to build resilience in the critical sectors that will form the backbone of the country's future-facing economic ambitions. This, however, needs to be achieved in the context of managing the community sectors most impacted by Covid-19 over the past two years. The Malaysian Family approach, which is empathic and inclusive, is both timely and an appropriate approach to address those most impacted.

Policy stability, especially those policies directly impacting foreign investors, remains important for business continuity. At the same time, well-managed policy developments that have taken into consideration the views of all related stakeholders and the community are welcome as the country continues to mature on its journey as a leading democracy in the region. Recent announcements by Prime Minister Datuk Seri Ismail Sabri Yaakob around Operational Safety and Health and Disaster Management are good examples, which have identified leakages upwards of 4% of the GDP that can be turned around over time given the required investment.