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Show Notes
At a gargantuan RM322.5 billion, Budget 2021 is Malaysia’s biggest spending plan on record, aimed at staving off the Covid-19 crisis and supporting economic recovery.
However, its affordability, optimistic assumptions on government revenue and a widening fiscal deficit that is estimated at -5.4% of GDP for 2021, remain material impediments to an effective implementation.
Wellian Wiranto, Economist at OCBC Bank, discusses.
Brought to you by Mah Sing.
Image Credit: amadeustx / Shutterstock
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Topics
Government/Regulatory/Policy MakingEconomyMarketsPoliticsNewsCurrent Affairsbudget 2021belanjawan 2021budget-2021-mahsingmalaysiaeconomygdpcovid-19