Ways out of economic doldrums


Bede Hong Bernard Saw

The government forecasts a deficit of more than 4% – up from the 3.2% set last October – after factoring in the impact of lower oil prices. – EPA pic, April 25, 2020.

WITH oil prices at historic lows, Putrajaya will likely have to consider spending cuts and find new revenue sources as it seeks to cushion Covid-19’s impact on the economy, said experts.

The government has to do more despite giving an assurance that it has factored oil prices in its deficit projection of more than 4% this year.


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!


Sign up or sign in here to comment.


Comments


  • Start With having less ministers

    Posted 3 months ago by Chai Hin Goh

    • Moo appointed another 25 Parliament Secretary yesterday. Meaning almost all the MPs from the most crooked party and the Mercedes religious liars party have been appointed to the position to draw buta gaji at the tax payers expense to win their support!

      Posted 3 months ago by Chee yee ng