{"id":20827,"date":"2023-04-28T01:57:00","date_gmt":"2023-04-27T17:57:00","guid":{"rendered":"https:\/\/www.rakansarawak.com\/v3\/?p=20827"},"modified":"2023-04-27T18:04:40","modified_gmt":"2023-04-27T10:04:40","slug":"building-malaysia-madani","status":"publish","type":"post","link":"https:\/\/www.rakansarawak.com\/v3\/2023\/04\/28\/building-malaysia-madani\/","title":{"rendered":"Building Malaysia Madani"},"content":{"rendered":"\n

Guaranteeing the successful implementation of the revised Malaysia Budget 2023<\/a> \u2013 formulated as \u201cBelanjawan MADANI\u201d \u2013 requires possessing the accountability and values needed to tackle current challenges that have been detrimental to socio-economic development.<\/p>\n\n\n\n

These challenges, stated Prime Minister and Minister of Finance YAB Dato\u2019 Seri Anwar bin Ibrahim, include a high debt burden; a decline in governance quality; global economic uncertainties; sluggish recovery of investments to pre-pandemic levels; and the impact of economic challenges such as increased inflation rate and unemployment rate on the rakyat<\/em>.<\/p>\n\n\n\n

\u201cBelanjawan MADANI needs to have the capability to muster the strength and energy to forge a new direction.<\/p>\n\n\n\n

\u201cErgo, I would like to use this opportunity to call upon political leaders, ministry leaders, civil servants, in addition to businesses and the ordinary citizens to believe that our country is capable of making that leap and be an example not only to our neighbouring countries in the region but the whole world too, and at the same time instil confidence among the rakyat<\/em>,\u201d he said<\/a> when tabling the budget in the Dewan Rakyat<\/em> sitting on 24 February 2023.<\/p>\n\n\n\n

Under Budget 2023, a total of RM388.1 billion has been allocated for operating expenditure (RM289.1 billion) and development expenditure (RM99 billion, including RM2 billion in contingency savings).<\/p>\n\n\n\n

The allocation for development expenditure at RM97 billion, in particular, is an increase from RM71.6 billion in the previous budget. This is due to greater emphasis on poverty eradication programmes, as well as public infrastructure and rural facilities improvements.<\/p>\n\n\n

\n
\"\"
Themed “Building Malaysia Madani”, Budget 2023 strives to ensure a sustainable economic development for Malaysia. Photo by Alfred on Unsplash<\/figcaption><\/figure><\/div>\n\n\n

It is also in line with the Malaysian Government\u2019s expansionary fiscal approach to support economic growth that benefits the rakyat<\/em>. Together with efforts to carry out improvements and reforms within the government administration, the Prime Minister believed that Malaysia will be able to achieve or exceed projected gross domestic product (GDP) growth of 4.5 per cent this year.<\/p>\n\n\n\n

\u201cSustainable economic development is essential as a future-proofing element that is ready to serve as a shield against any potential risks that may arise.<\/p>\n\n\n

\n
\"\"
A major socio-economic challenge Budget 2023 intends to tackle is the impact of various economic challenges on the rakyat and their livelihoods. Photo by You Le on Unsplash<\/figcaption><\/figure><\/div>\n\n\n

\u201cA significant shift must be forged. A shift towards combating corruption that deprives people of the opportunity to enjoy a more meaningful life, towards good governance that reflects our principles in spending, which leads to empowerment and socio-economic mobility for all segments of society,\u201d he said.<\/p>\n\n\n

\n
\"\"
The increase in allocation for development expenditure is essential to fund improvements on rural facilities. Photo by Gigi Lee on Unsplash<\/figcaption><\/figure><\/div>\n\n
\n
\"\"
Initiatives for development in Sabah and Sarawak under Measure 11: Ensuring Harmony and Unity (in Bahasa Melayu). Infographics from https:\/\/budget.mof.gov.my\/en\/budget2023\/<\/figcaption><\/figure><\/div>\n\n\n

Themed \u201cBuilding Malaysia Madani\u201d (\u201cMembangun Malaysia Madani<\/em>\u201d), Budget 2023 focuses on 12 main measures based on three pillars, namely:<\/p>\n\n\n\n