Budget expands at the expense of fiscal deficit

Bachelor of Applied Science in Construction Engineering prepares students for professional roles in the building and construction industry. Picture by Ansovina Chai.

CONTRARY to earlier expectations that the government will embark on an austerity drive, given the need to exercise strict fiscal discipline and reduce its debt and liabilities, which have exceeded RM1 trillion, the budget turned out to be still an expansionary programme.

On that note, MIDF Research chief economist Kamaruddin Mohd Nor considers Budget 2019 an “encouraging fiscal plan”, considering the financial challenges of the government, that could be a boost to the economy despite the challenges facing the country.

Limited time offer:
Just RM5 per month.

Monthly Plan


Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Budget 2019


Next In Business News

Ancom Nylex to acquire environment solutions firm in RM120mil deal
Oil rises in early Asian trading, Middle East tensions remain in focus
FBM KLCI seen rebounding for a fifth consecutive day
Trading ideas: Nestle, Axis REIT, ITMAX, Kelington, Sapura Energy, AirAsia, Unitrade, Avaland, Powerwell, Iris, Paragon Globe
Wall St stocks end higher with major corporate earnings in view
CNH picks Iveco Group’s Marx as new CEO
Blackstone makes new offer to buy Hipgnosis
Factors influencing Vietnam’s FMCG trade
Ecoceres’ local unit forecast to start in 2H25
Conference on how AI will elevate marketing

Others Also Read