Budget expands at the expense of fiscal deficit

  • Economy
  • Saturday, 03 Nov 2018

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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , Budget 2019


Next In Business News

Asia stocks hold up, China gives up some gains after weak trade data
Solarvest launches smart solar PV and green hydrogen testbed in Sarawak
Thai business group keeps 2023 GDP growth outlook at 3.0 to 3.5%
FBM KLCI stays in the red at midday break
Australia c.bank steps up warning of more rate hikes even as growth slumps
China's exports tumble in May, imports slow
US tightens crackdown on crypto with lawsuits against Coinbase, Binance
Edelteq jumps 212.5% on trading debut on ACE Market
UEM Sunrise's Kelana Jaya land purchase a positive
Ringgit rebounds to open higher versus US dollar

Others Also Read