Expensive expansion?

MUCH has been written about Budget 2024. As pointed out by our commentators on this subject, it is not easy to draft a budget for Malaysia amidst the seemingly gargantuan challenges the country faces.

These range from a widening deficit and debt situation, structural legacy issues such as the massive subsidy bill, an unsustainable pension bill alongside a growing gap between the rich and poor, coupled with a global economic malaise.