Pre-Budget Statement for Budget 2022
As the Nation gathers virtually to celebrate the country’s 64th Independence Day, the Ministry of Finance (“MOF”), for the first time in history and in line with international best practices, issued a Pre-Budget Statement (“PBS”) for Budget 2022, which is scheduled to be tabled on 29 October 2021. Please click on the above header link for a copy of the PBS.
Aim at enhancing the transparency on the annual budget process as well as an avenue for the Rakyat to monitor the country’s fiscal management through specific metrics, this is indeed a positive and welcomed move to increase public and investors’ confidence. The PBS also provides a preliminary overview on the direction, approach and expected benefits of Budget 2022.
Source KPMG
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