Expansionary budget critical for country’s recovery, says Bank Negara | Malay Mail

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Expansionary budget critical for country’s recovery, says Bank Negara | Malay Mail
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KUALA LUMPUR, Oct 14 — Budget 2021, to be tabled on November 6, should boost the country’s recovery if the government remains supportive of expansion and growth. “As you know for this year the government has already stated that we will have a fiscal deficit of 5.5-6.0 per cent and that is to...

Wednesday, 14 Oct 2020 12:43 PM MYTKUALA LUMPUR, Oct 14 — Budget 2021, to be tabled on November 6, should boost the country’s recovery if the government remains supportive of expansion and growth.

Chew said the measures are critical in the current environment to support the country’s recovery and the government remains committed to the consolidation over the medium term and it has a strong track record of delivering results over the medium to long term. “By and large, the economy is operating unlike before. And the external sector is also recovering. So, we might see in some countries the resurgent in number of cases but by and large if you look at the macro numbers, they are generally improving globally.”

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