Insight - Budget 2022: Revive and recharge the economy

SERC's Lee Heng Guie: The immediate priority is to craft a swift economic recovery plan for generating growth, enhancing economic resilience, revitalising private investment, creating jobs as well as reskilling and upskilling of manpower. There are fiscal revenue constraints in the face of high expenditure to support pro-growth and business recovery.

POLICYMAKERS must figure out how to fix a shattered economy, rebuild from the impact of Covid-19 to emerge more resilient and to safeguard the economy against the next catastrophe.

Budget 2022 marks the second year of the 12th Malaysia Plan (2021-2025). It will be a pro-growth and transformational budget with a more targeted approach to spending programmes.