KUALA LUMPUR: The tabling of Budget 2024 will likely unveil a number of restrictive measures underpinned by a fiscal consolidation roadmap grounded on responsible spending, says Socio-Economic Research Centre (SERC) executive director and economist Lee Heng Guie.
With Putrajaya having reaffirmed its commitment towards a sustained deficit reduction of between 4.5% and 5% of gross domestic product (GDP) in 2024 from an estimated 5% this year, some painful measures are necessary to broaden government revenue base and control expenditure, according to Lee.
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