OCBC Bank expects Budget 2022 to stay expansionary

KUALA LUMPUR, Oct 22 (Bernama) -- Budget 2022, which will be tabled on Oct 29, is expected to stay expansionary despite limited revenue uptick coming on the back of a grand five-year spending plan under the Twelfth Malaysia Plan (12MP).

OCBC Bank economist Wellian Wiranto said the new budget is likely to stay expansionary, in part due to the political considerations ahead of a potential general election next year.