Go back to zero base, economist tells govt


PETALING JAYA: The government has a price to pay for imposing a total lockdown and must go back to zero-base of its expenditure to see what it can afford to cut, says economist Tan Sri Lin See Yan.

The former Bank Negara Malaysia deputy governor said there might even be a need for non-populist moves such as taxing the rich and borrowing money to sustain the expenditure until the economy could be revived again.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
total lockdown , Lin See Yan , economy , covid-19

Next In Nation

Police hunt 36 wanted individuals
Bills to limit PM’s tenure, split AG–PP roles to be tabled Monday
Fisheries Act amendment to strengthen marine mammal conservation
Thousands affected as overnight downpour triggers Paitan floods
Three rural areas in Sabah declared disaster zones after floods
Severe rain warning issued for several areas in Sabah
INTERACTIVE: A peek into the balik kampung exodus
MMA calls for stronger action against illegal clinics in Kuala Lumpur
Stable meal prices despite festive rush
Three fined RM128.9mil over 1,000 wildlife parts

Others Also Read