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Economy

Malaysia's Ismail Sabri readies 1st budget of 'endemic COVID' era

Pact with opposition expected to smooth passage as job creation turns crucial

Malaysia's Finance Ministry says the 2022 budget will emphasize strengthening the health system, enhancing digital infrastructure and promoting high-productivity industries with job creation.   © Reuters

KUALA LUMPUR -- Malaysian Prime Minister Ismail Sabri Yaakob's government will propose its first budget on Friday, attempting to chart a path for economic recovery in 2022 as the country begins to treat COVID-19 as an endemic disease.

Unlike last year, when predecessor Muhyiddin Yassin's budget proposal was overshadowed by speculation on whether his premiership would survive the vote, Ismail Sabri brings his plan to parliament amid a historic cease-fire with the opposition -- expected to help secure the bill's passage and strengthen the prime minister's grip.

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