Guan Eng considering expansionary budget for 2020


Ragananthini Vethasalam

Finance minister Lim Guan Eng says it is unlikely he will introduce new taxes in the next Budget, while similarly telling the business community that the corporate tax rate will not be slashed. – The Malaysian Insight file pic, August 29, 2019.

ALTHOUGH the government intends to consolidate its debts, it is not completely ruling out an expansionary budget for 2020, said Finance Minister Lim Guan Eng today.

“While the government intents on consolidating our debt, we may consider an expansionary budget to mitigate the negative effects of the trade war,” he said during his keynote address at an economic forum today.


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