Finance Minister Tengku Zafrul Aziz proposes to raise the debt ceiling from 60% to 65% of GDP to have more buffer to fight the pandemic. Carmelo Ferlito, CEO, Center for Market Education discusses why borrowing more is a bad idea and the alternative including fiscal measures.

Image credit: Shutterstock.com

Produced by: Philip See

Presented by: Khoo Hsu Chuang, Noelle Lim

Download the BFM mobile app. Stay at home and stay up-to-date.

Tags:  Pandemic,  Malaysia,  Debts,  Covid-19,  Pandemic,  Finance,  GDP,  Economy,  Financial Services,  Government/Regulatory/Policy Making,  Economy, Markets,  Politics, News, Current Affairs,  Business Analysis,  Trends and Forecasts,  Markets,  Politics,  Social Issues,  Personal Finance,  Investments,  Financial Literacy,  law & legal matters