Economists positive on Malaysia's largest budget on record, but note execution and transparency are keyEconomists are positive that Malaysia's RM322.5 billion Budget 2021, its largest national budget on record, will help the country revitalise its pandemic-hit economy and put it on the recovery path.
UOB Malaysia’s senior economist Julia Goh, who described the budget as “highly expansionary and extensive”, said there is "a need to upsize the spending at this critical juncture of the economic recovery”, and that the passing of the Temporary Measures for Government Financing (Covid-19) Act 2020 provides the scope for the government to spend more, with a temporary reprieve from fiscal discipline.