Along with these, there could also be new measures to support consumption, stimulate investments, accelerate digitalisation, improve job creation and wages, UOB economists Julia Goh (pic) and Loke Siew Ting said in a report.
PETALING JAYA: With Covid-19 weighing heavily on the country, Budget 2021 could see targeted cash assistance for vulnerable groups and social protection schemes being extended alongside new measures to restore the battered economy.
The stimulus measures introduced this year such as wage subsidies, cash aid for the B40 and M40 groups, plus the automotive sales tax exemption could potentially be extended into 2021.
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