– Muhammad Nazreen
The Malaysian Insider
October 20, 2013
In the next few weeks, everybody is anticipating the key issues that may be highlighted in the 2014 budget. Malaysia’s mounting public debt is at an alarming rate. Recurring deficits over years due to government’s overspending would be a primary reason why is this year’s budget would be less populist. The BN government managed to secure its win during the 13th general election. So, we could expect less windfall subsidies and pay-offs to be distributed. However, the deteriorating condition of Malaysia’s economy might prompt the fact that it is timely for the government to introduce stern fiscal consolidation. Austerity measures are likely the main ingredients of the upcoming budget.
Here are some of the concerns. Continue reading “Why this year’s budget would be less interesting”