KRI PRESS |
Aug 20, 2025
Budget 2022: Putting the Nation on a Better Track
## Media Release from Tan Sri Nor Mohamed Yakcop
**Chairman, Khazanah Research Institute (KRI)**
Budget 2022 has been designed to support national recovery from COVID-19 and ensure long-term economic transformation and sustainability. With its three primary focus areas of recovery, resilience and reform, the expansionary budget is the right approach given the adverse effect of COVID-19 and the weakness of the private sector, which has yet to recover fully. In line with the concept of _Keluarga Malaysia_ (Malaysian Family), every segment of society has been given consideration through various well-thought-out measures.
The Government’s commitment to job creation through Budget 2022 can be noted in several programmes including JaminKerja and the Malaysia Short-term Employment Programme (MYSTEP). This will be especially positive for the most impacted groups, such as the youth, unemployed graduates and workers in the informal sector. Social protection has been given a boost with the expansion of the coverage to informal sector workers and housewives. We welcome the continuation of Job Search Allowance under SOCSO. The Government’s financial support for small and medium enterprises (SMEs) with a total of RM14.2 billion through various financing schemes and business support will be key in bringing about recovery in the economy.
Continuous social assistance for the disabled, older generation, children and the poor through Bantuan Keluarga Malaysia (RM8.2 billion) and the various welfare assistance from Jabatan Keluarga Malaysia (RM2.4 billion) are commendable. In addition, four new food security initiatives totalling RM120 million is timely, given that food is an important aspect of health.
The allocation of RM32.4 billion for the health sector’s resilience is positive. Steps to increase the _rakyat’s_ resilience against various diseases, including mental health issues, are important.
We welcome the introduction of _Cukai Makmur_ as a one-off measure to increase Government’s revenue until more sustainable revenue-enhancing measures are implemented.
Given that the Budget 2022 involves various positive and holistic measures in many fields, KRI believes that this Budget will contribute in achieving the goals of the _Keluarga Malaysia_.
**END**
* * *
For further information, please contact Najyah Johar Salim ( [najyah.johar@krinstitute.org](mailto:najyah.johar@krinstitute.org)) or call 03-2034 0000.
**Chairman, Khazanah Research Institute (KRI)**
Budget 2022 has been designed to support national recovery from COVID-19 and ensure long-term economic transformation and sustainability. With its three primary focus areas of recovery, resilience and reform, the expansionary budget is the right approach given the adverse effect of COVID-19 and the weakness of the private sector, which has yet to recover fully. In line with the concept of _Keluarga Malaysia_ (Malaysian Family), every segment of society has been given consideration through various well-thought-out measures.
The Government’s commitment to job creation through Budget 2022 can be noted in several programmes including JaminKerja and the Malaysia Short-term Employment Programme (MYSTEP). This will be especially positive for the most impacted groups, such as the youth, unemployed graduates and workers in the informal sector. Social protection has been given a boost with the expansion of the coverage to informal sector workers and housewives. We welcome the continuation of Job Search Allowance under SOCSO. The Government’s financial support for small and medium enterprises (SMEs) with a total of RM14.2 billion through various financing schemes and business support will be key in bringing about recovery in the economy.
Continuous social assistance for the disabled, older generation, children and the poor through Bantuan Keluarga Malaysia (RM8.2 billion) and the various welfare assistance from Jabatan Keluarga Malaysia (RM2.4 billion) are commendable. In addition, four new food security initiatives totalling RM120 million is timely, given that food is an important aspect of health.
The allocation of RM32.4 billion for the health sector’s resilience is positive. Steps to increase the _rakyat’s_ resilience against various diseases, including mental health issues, are important.
We welcome the introduction of _Cukai Makmur_ as a one-off measure to increase Government’s revenue until more sustainable revenue-enhancing measures are implemented.
Given that the Budget 2022 involves various positive and holistic measures in many fields, KRI believes that this Budget will contribute in achieving the goals of the _Keluarga Malaysia_.
**END**
* * *
For further information, please contact Najyah Johar Salim ( [najyah.johar@krinstitute.org](mailto:najyah.johar@krinstitute.org)) or call 03-2034 0000.
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