Does Budget 2021 Do Enough For Jobs?
Adli Amirullah, Senior Economist, Institute of Democracy and Economic Affairs (IDEAS)
In the newly announced Budget 2021, RM9 billion will be allocated to generating and retaining jobs. This includes hiring incentives, reskilling programs, short-term employment programs in the public sector and GLCs, and targeted wage subsidies. But was there enough to ensure long-term growth in the labour market?
We discuss the potential effectiveness and scope of these measures, the concentration of jobs in more developed states in Malaysia, as well as thoughts on long-term job creation.
Image Credit: Syariff Hidayatullah / Shutterstock
Produced by: Dayana Mustak
Presented by: Roshan Kanesan, Wong Shou Ning
Download the BFM mobile app. Stay at home and stay up-to-date.