Government builds resilience through jobs and social protection

KUALA LUMPUR: The government would focus on facilitating employment, re-employment and social protection, especially among the self-employed and workers in the informal sector, as well as targeted assistance to provide the optimal social safety net to groups vulnerable without jeopardizing its fiscal position.

According to the 2023 pre-budget statement released today by the Ministry of Finance (MOF), the 2023 budget would focus on facilitating the employment or re-employment of segments, especially unemployed graduates, women who have left the labor market, people with disabilities. (PwD) and the long-term unemployed.

“The interventions will include requalification according to sectoral demands and jobs according to localities. Increasing women’s labor force participation rate will require interventions, including facilitating access to quality and affordable childcare,” the statement said.

In an effort to reduce the financial burden on the population, the provision of direct cash assistance to vulnerable groups would also be strengthened and more targeted in next year’s budget, particularly for the elderly, students, people with disabilities, indigenous peoples and single mothers.

Meanwhile, the 2023 budget would also focus on continuing upskilling and retraining programs, improving productivity through the digitalization of economic activities, and ensuring a decent wage for citizens, including through to a review of the minimum wage.

In order to provide access to quality housing, education, health care, security and transport, the ministries of education and health would continue to be the recipients of the most operating expenditures. more important.

The Ministry of Finance said this reflected the importance placed on universal access to quality education and health care, with greater emphasis on nurturing talent to be ready for the future. future and focusing on preventive health care in the context of non-communicable diseases (NCDs).

The government would also engage with various stakeholders to explore ways to implement more targeted aid in the 2023 budget, particularly cash assistance schemes, as well as fuel subsidies, which would be enhanced through more efficient distribution mechanisms.

The 2023 budget will also emphasize ensuring the safety of essential foods at reasonable prices.

“The government will continue to intervene where necessary to mitigate sharp price rises in essential goods while ensuring that government resources are spent on those who really need them through targeted subsidies,” the ministry said. Finance.

According to the statement, the Tourism Recovery Plan (TRP) 2022 would be gradually expanded in 2023 to include air transport clusters and accommodation clusters to revitalize the tourism industry as well as restore tourists’ confidence in a given destination.

“The stimulus measures will be targeted to meet the needs of tourists, including higher demands for improved safety and hygiene measures. These include providing better quality products and services, improving the sustainability of tourism products, strengthening brand positioning and promotion, instituting governance reforms and scaling up domestic tourism” , did he declare.

The government launched the TRP 2022 last April to increase the mobility of Malaysians to travel and spend by offering discounts, vouchers and discounts involving two clusters, namely the Land Transport Cluster and the Tourism Associations Cluster. — Bernama

Joel C. Hicks