KUALA LUMPUR: Malaysia's government will present its budget for 2023 to parliament on Oct. 7, earlier than originally scheduled, news portal Malaysiakini reported on Friday, citing the country's law minister Wan Junaidi Tuanku Jaafar.
The budget was previously scheduled to be tabled on Oct. 28. A spokesperson for Wan Junaidi told Reuters the ministry would be issuing a statement on the matter soon.
The rescheduling of the budget comes as Malaysia looks to boost revenue in a bid to offset a jump in spending on subsidies for food, fuel and electricity amid rising prices.
The government expects to spend at least $18 billion on subsidies and cash aid this year, the largest amount in history.
It also comes amid speculation that Prime Minister Ismail Sabri Yaakob could call for elections earlier than a September 2023 deadline.
The premier has been under pressure from his party, the United Malays National Organisation, to call for early polls to capitalise on its success in recent local elections and the strong economic situation.
Malaysia's economy grew 8.9% in the second quarter, its fastest annual pace in a year, boosted by expansion in domestic demand and resilient exports.
Reuters
Fri Aug 26 2022
The government expects to spend at least $18 billion on subsidies and cash aid this year, the largest amount in history. - BERNAMA/Filepic
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM
Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024
For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
King Charles' coronation cost GBP 71mil, govt accounts show
The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Couple and associate charged with trafficking 51.9 kg of meth
A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
PDRM to consult AGC in completing Teoh Beng Hock investigation
The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Thai court rejects petition over ex-PM Thaksin's political influence
Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Abidin takes oath of office as Sungai Bakap assemblyman
The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
UPNM cadet officer charged with injuring junior, stomping on him with spike boots
A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Elon Musk blasts Australia's planned ban on social media for children
Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.
Trump picks Pam Bondi for US Attorney General after Gaetz withdraws
Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.
Ringgit extends uptrend against greenback in early trade
At 8 am, the local currency climbed to 4.4600/4700 against the greenback.
Lebanon's only burn unit treats toddlers after Israeli strikes
The hospital hallways echo with the screams of children as anxious parents await news from doctors.
AI revolutionising sports to develop world-class athletes
Can a young Orang Asli child from Gua Musang, Kelantan be turned into an Olympic champion in 2036?
Selangor records 1,354 out-of-wedlock teen pregnancies from 2023 to Sept 2024
Anfaal Saari emphasises the seriousness of the issue, especially involving children and teenagers under 18 years old.
ICC issues arrest warrants for Netanyahu and Gallant
The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.