How Will Malaysia Pay For Its Gargantuan Budget?

Wellian Wiranto, Economist, OCBC Bank

09-Nov-20 08:47

How Will Malaysia Pay For Its Gargantuan Budget?

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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.

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Produced by: Dayana Mustak

Presented by: Khoo Hsu Chuang, Wong Shou Ning

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Categories: Politics, Law and Legal Matters, Business Analysis, Trends and Forecasts, Markets, Social Issues, Investments

Tags: budget 2021, belanjawan 2021, budget-2021-mahsing, malaysia, economy, gdp, covid-19,

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