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Can The Government Fund This Budget Comfortably?
10 mins·07:30, 27 Feb 2023
Can The Government Fund This Budget Comfortably?
10 mins
·
07:30, 27 Feb 2023
·
Recommended
45 mins
Guest: Julia Goh, Senior Economist, UOB Malaysia
Budget 2023 was the highest spending allocation ever at RM 386.1 billion (or 20.4% of GDP) compared to the initial budget tabled last year which was RM 372.2 billion. The revised budget will see the government spending RM289.1 billion on operating expenditure and RM99 billion development expenditure. However, given there was an absence of GST and target rationalisation of subsidies, did this maiden Budget by the Unity Government hit the mark when it came to its objective whilst keeping to its fiscal consolidation promises? For answers, we speak to Julia Goh, Senior Economist, UOB Malaysia.
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Image credit: Shutterstock
Presenter: Chong Tjen San, Wong Shou Ning, Philip See
Producer: Sim Wie Boon
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