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

At a gargantuan RM322.5 billion, Budget 2021 is Malaysia&rsquo;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

Opinion and analysis of today’s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

Opinion and analysis of today&rsquo;s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

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