Spend more for faster recovery, says forum on Budget 2021

Chan Kok Leong

An economist says this is the time for Malaysia to borrow, as rates are competitive and at their lowest level. – The Malaysian Insight file pic, November 4, 2020.

THE government should not be afraid of incurring a larger budget deficit and borrow more to speed up economic recovery, said a forum today.

“This is the time to borrow as rates will be competitive and are at its lowest level,” said Research for Social Advancement (REFSA) economic adviser Frederik Paulus during an online forum on Budget 2021 today.

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