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

RM13.90/month
RM5/month

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

Annual Plan

RM12.33/month

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

Malaysia's exports rise in 1Q to RM362.41bil
Malaysia's economy likely grew 3.9% y-o-y in Q1 - advance estimate
Oil prices surge 3% on reports of Israeli strikes on Iran
US bonds rally on reports of Middle East missile strike
Fed policymakers agree: there's no urgency to cut rates
Ringgit opens easier against US$ as Fed turns hawkish
Main Market-bound Keyfield to gain from AWB market upcycle
FBM KLCI continues rebound after two days of recovery
Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics
Smart Asia en route for listing on ACE Market

Others Also Read