How Will Malaysia Pay For Its Gargantuan Budget?
Wellian Wiranto, Economist, OCBC Bank
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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.
Brought to you by Mah Sing.
Image Credit: amadeustx / Shutterstock
Produced by: Dayana Mustak
Presented by: Khoo Hsu Chuang, Wong Shou Ning
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