Budget 2023: MoF seeks feedback on utilisation of local R&D outcome
01 Sep 2022 03:49pm
Finance Ministry - Photo from Sinar archive
The MoF said in a statement today the PCP issued aimed to protect and develop local industries, reduce dependency on imported goods and create business opportunities.
Besides that, it is also aimed at increasing competitiveness and resilience as well as developing capabilities of local technology companies as well as support the technology transfer, commercialisation and marketing ecosystem from the local R&D outcome, the ministry said.
Hence, all parties are invited to give their feedback on the PCP through the link https://budget.mof.gov.my/bajet2023/kertaskonsultasi/ before or on Sept 15, 2022.
"The publication of the PCP is part of the ministry's overall effort to make the annual budget preparation process more transparent and with the involvement of all parties,” it said.
The MoF also said the government is confident the publication of the PCP will provide more opportunities for stakeholders to provide their respective feedback to enable the government to formulate an annual budget that fulfils the needs of the people, as well as in line with the country's socio-economic development policy. - BERNAMA
