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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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,