Fiscal deficit to be under 6.5% of GDP

On Wednesday, the government announced the RM10bil initiatives which were in addition to the PRIHATIN, PRIHATIN SME Plus, and PENJANA measures announced in March-June worth RM295bil.

KUALA LUMPUR: UOB global economics and market research expects the additional initiatives worth RM10bil under the “KITA PRIHATIN” will be partly funded by unutilised allocations from other initiatives.

In its research note on Friday, it said the initiatives could also be possibly financed under Budget 2021 as some of the measures carry through into January 2021.