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







-

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.

  • Budget 2019 Discussion
    How are you going to contribute to the nations in terms of closing the wealth inequality gap?
  • Malaysia and Economic Recovery
    In Tinta Minda, BERNAMA. Malay article. Excerpt: "Laporan prestasi ekonomi negara pada suku ketiga pada 2020 yang diumumkan Bank Negara...
  • Great Recession vs. Great Depression
    Please read the article by Paul Krugman in the New York Times at the link given below and give your comments as what Malaysia had experience...