PETALING JAYA: Cash transfers and other forms of subsidies, together with the upgraded pay scheme for the public sector, are expected to be major factors in helping support domestic demand, which will continue to be the main driver of growth for the economy.
Economists said measures announced recently and in Budget 2012 were expected to provide support to private consumption and investment, which were projected to soften this year due to slower global growth, affecting income and capital expenditure in the external-related sectors of the economy.