Commentary By KPMG In Malaysia: Budget 2021 Remains Bold And Expansionary Amidst Uncertainty

PETALING JAYA, Nov 6 (Bernama) — The Honorable Finance Minister’s maiden Budget speech bearing the theme “In our strength lies our collective victory” (Teguh Kita, Menang Bersama) is notable as it remains a bold and expansionary one despite the expectation that Malaysia’s economy will contract by as much as 4.5% this year.

Critical areas and sectors are being addressed, fully acknowledging the pain and discomfort of Malaysians, particularly the B40 and the worst affected economic sectors like tourism and travel.

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