Finance Minister Tengku Zafrul Aziz proposes to raise the debt ceiling from 60% to 65% of GDP to have more buffer to fight the pandemic. Carmelo Ferlito, CEO, Center for Market Education discusses why borrowing more is a bad idea and the alternative including fiscal measures.

Image credit: Shutterstock.com

Produced by: Philip See

Presented by: Khoo Hsu Chuang, Noelle Lim

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  Business Analysis,  Trends and Forecasts,  Markets,  Politics,  Social Issues,  Personal Finance,  Investments,  Financial Literacy,  law & legal matters

Tags:  Pandemic,  Malaysia,  Debts,  Covid-19,  Pandemic,  Finance,  GDP,  Economy,