More govt spending needed for recovery

“It’s now up to the federal government to flex its fiscal spending power, ” Lee told an online media briefing when presenting the think tank’s Economy Tracker report for the third quarter.

KUALA LUMPUR: Budget 2021 is expected to have a targeted fiscal expansionary stance to sustain a stronger economic revival, according to Socio-Economic Research Centre (SERC) executive director Lee Heng Guie.

“It’s now up to the federal government to flex its fiscal spending power, ” Lee told an online media briefing when presenting the think tank’s Economy Tracker report for the third quarter.