Malaysia allocates $14.3 bln in subsidies for 2023 -ministry

Kitco Media
By Reuters
Published:
Updated:
Reuters
KUALA LUMPUR, March 15 (Reuters) - Malaysia has allocated around 64 billion ringgit ($14.32 billion) for subsidies and incentives in 2023, the finance ministry said in a parliamentary reply on Wednesday.


The ministry said Malaysia will not suffer an economic downturn in 2023 from the expected slowdown in the global economy, and maintained its 2023 growth forecast of around 4.5%. ($1 = 4.4690 ringgit) (Reporting by Mei Mei Chu and A. Ananthalakshmi Editing by Ed Davies)

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