Budget 2021 likely to be expansionary

Ragananthini Vethasalam

Covid-19 is taking a toll on the economy and Perikatan Nasional’s maiden budget should focus on empowering the youth and women, says SERC. – EPA pic, October 6, 2020.

BUDGET 2021 will likely be expansionary on a targeted basis to sustain economic revival amid the Covid-19 pandemic, said the Socio-Economic Research Centre (SERC).

The think-tank’s executive director Lee Heng Guie said in a quarterly economic briefing today that Putrajaya’s spending is expected to be targeted to ensure that the sectors which receive the allocation are able to create a multiplier effect.

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