At a virtual session discussing the upcoming Budget 2022, Malaysia’s Finance minister Tengku Zafrul Aziz revealed that the 2022 budget will focus on job and income recovery and provide more targeted assistance to boost socio-economic integrity.
According to the session, the budget will also take a look at structural reforms such as tax incentives, and forging closer collaboration with civil society organizations (CSOs) as the government’s delivery partner to achieve goals set out in the national recovery plan for the coming year. These plans are in line with the government’s long-term 12th Malaysia Plan and the Shared Prosperity Vision 2030.
“The government remains committed to helping those in need, particularly the people who are still affected by the COVID-19 crisis,” said Minister Tengku Zafrul.
The virtual session was held between the finance minister and representatives of CSOs and social enterprises with the intention of outlining key budget recommendations to strengthen the delivery of social assistance programs.