National Recovery Plan, 12MP and Budget 2022 to Detail Malaysia’s Recovery Measures: Prime Minister

Tan Sri Muhyiddin Yassin, Prime Minister of Malaysia stated that the Government of Malaysia will announce the continuation of the country’s National Recovery Plan (PPN) and adjust other economic measures at the tabling of the 12th Malaysia Plan (12MP) and the Budget 2022.

Why it Matters?

The budget is set to focus on Recovery, Resilience and Reform highlighting ways to revive the sectors that have been badly hit due to the spread of COVID-19, improve the capacity of the public healthcare system and the scope of the social protection, as well as support the digital economy in the face of a new normal. Additionally, for the first time, the Ministry of Finance will issue a pre-Budget 2022 statement, with the idea of increasing transparency and encouraging pu...