Does Budget 2021 Do Enough For Jobs?

Adli Amirullah, Senior Economist, Institute of Democracy and Economic Affairs (IDEAS)

11-Nov-20 07:47

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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

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

Tags: jobs, employment, unemployment, budget 2021, job creation, hiring incentives, re-skilling programs, short-term employment programs,

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