How Will Malaysia Pay For Its Gargantuan Budget?

Wellian Wiranto, Economist, OCBC Bank

09-Nov-20 08:47

How Will Malaysia Pay For Its Gargantuan Budget?

Pause
Embed

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

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

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

Tags: budget 2021, belanjawan 2021, budget-2021-mahsing, malaysia, economy, gdp, covid-19,

Today’s Shows

6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Tim Waterer, Chief Market Analyst, KCM Trade tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Farlina Said,Director of the Centre for Technology and Policy at ISIS Malaysia talk about the tech side of the US-Malaysia trade agreement.

7:45 AM

Morning Brief

Dato' Wong Siew Hai, President of the Malaysia Semiconductor Industry Association (MSIA) discusses how the US-Malaysia trade agreement might impact Malaysia's semiconductor industry.

8:00 AM

The Breakfast Grille

Jayan Menon of ISEAS–Yusof Ishak Institute and Elina Noor of Carnegie Endowment for International Peace discuss Malaysia’s year as ASEAN chair and key takeaways from the summit.

8:30 AM

Morning Brief

Thomas Daniel of ISIS Malaysia discusses the potential outcomes from US Defence Secretary Pete Hegseth’s second Asia tour.

8:45 AM

Morning Brief

(REPEAT) We dive into the local and international news that matters to you.

9:00 AM

Opening Bell

(REPEAT) Tim Waterer, Chief Market Analyst, KCM Trade tells us where international markets are heading.

9:15 AM

Opening Bell

Amalia Zarir, Analyst, MBSB Research gives an outlook as well as buy ideas for investors in the auto sectors.

9:35 AM

The Property Show

Kenneth Soh of PropertyGuru and & iProperty Malaysia discusses rising property scams and how to restore trust in the housing market.

10:05 AM

Open For Business

Shane Happach, CEO, Coda

11:00 AM

The Workplace

Sawu Fang Kuan, Senior Client Officer, Ipsos Malaysia & Hetal Doshi, Organisational Psychologist & CEO, O-Psych

12:00 PM

Enterprise Explores

Previn Pillay, Country Manager, Visa Malaysia

1:00 PM

The Breakfast Grille Repeat

Our flagship show, we feature both game-changers and groundbreakers in the hot seat.

2:05 PM

Discovery Hour

An eclectic selection of BBC shows, curated with variety in mind.

3:05 PM

Earth Matters

Meet Malaysia’s first all-female, all-Indigenous ranger team from the Gibbon Conservation Society, as they share their journeys, challenges, and hopes for protecting the country’s endangered gibbons.

4:05 PM

Health & Living

What happens when your heart beats irregularly? We speak to a cardiologist about the risks of this condition and how far treatment has improved.

5:00 PM

Top 5 at 5

6:00 PM

Big Issue

We speak to President José Ramos-Horta about Timor-Leste’s ASEAN debut, and what it means for both the nation and the bloc.

7:00 PM

Stories of KL

We speak to Datuk Hajeedar Abdul Majid about how his decades of architectural work has shaped Kuala Lumpur.

8:00 PM

Cruise Control

Daniel Fernandez, Managing Editor, dsf.my

PROGRAMMES