Friday, November 6, 2020

Analysis on Malaysia's Budget 2021

The Budget was tabled on 6 Nov. 2020 by the Finance Minister. The largest expenditure in history.

https://www.malaysiaworldnews.com/2020/11/06/rm322-5-billion-for-budget-2021-the-largest-expenditure-in-malaysias-history/














Below is the link to the past 10 years comparison. Debt:GDP ratio is 60.7% in 2020. Fiscal deficit is 6% in 2020 and Government plan to reduce it to 5.4% in 2021. Let's hope the economy will be recovering soon, the debt will be smaller and deficit is reduced to 5%. 

https://newslab.malaysiakini.com/budget2021/en/infographic







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