The government also maintains the belief Malaysia will achieve 4.8 percent GDP growth this year.
The government, which remains steadfast in the belief that Malaysia will achieve economic growth of 4.8 percent this year, expects to see positive effects from its development spending latest by June 2020, said Finance Minister Lim Guan Eng.
According to Lim, some ministries disbursed the development expenditure allocated to them under the 2019 Budget a little late - in May or June - although the funds were released in January. "There was no problem in terms of development expenditure for ongoing projects, but new projects would have to be brought forward to 2020 and added to the 2020 Budget ,” he said.
“As an exporting economy, Malaysia will benefit. Like it or not, we are affected by the external trade environment.
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