Budget 2023: another missed opportunity

[superadmin]

From Ramesh Chander, Murray Hunter and Lim Teck Ghee

Mainly status quo, part recovery, and part election oriented – various excuses can be made for the 2023 budget unveiled by the new government kicking the can of fiscal and institutional reform further down the road.

In his budget presentation, Prime Minister cum finance minister Anwar Ibrahim asked: “The question is whether there is political will to effect change?”

This was in reference to what he diagnosed as the challenges facing the nation: high debt level, low quality of administration, global uncertainties, slow investment recovery and the rakyat’s economic woes.

- More -