How Will Malaysia Pay For Its Gargantuan Budget?

Wellian Wiranto, Economist, OCBC Bank

09-Nov-20 08:47

How Will Malaysia Pay For Its Gargantuan Budget?

Pause
Embed

At a gargantuan RM322.5 billion, Budget 2021 is Malaysia’s biggest spending plan on record, aimed at staving off the Covid-19 crisis and supporting economic recovery.

However, its affordability, optimistic assumptions on government revenue and a widening fiscal deficit that is estimated at -5.4% of GDP for 2021, remain material impediments to an effective implementation.

Wellian Wiranto, Economist at OCBC Bank, discusses.

Brought to you by Mah Sing.

Image Credit: amadeustx / Shutterstock

Produced by: Dayana Mustak

Presented by: Khoo Hsu Chuang, Wong Shou Ning

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: Politics, Law and Legal Matters, Business Analysis, Trends and Forecasts, Markets, Social Issues, Investments

Tags: budget 2021, belanjawan 2021, budget-2021-mahsing, malaysia, economy, gdp, covid-19,

Today’s Shows

6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Jingyi Pan, Economics Associate Director of PMI Team, S&P Global Intelligence tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Sarah Tan of Moody's Analytics discusses the latest U.S.–China trade negotiations in London.

7:45 AM

Morning Brief

Eugene Chow of Deloitte Malaysia discusses the impact of LHDN’s e-Invoice delay and how to avoid further setbacks.

8:00 AM

The Breakfast Grille

Marc Mealy, Executive Vice President and Chief Policy Officer, US-ASEAN Business Council discusses US-ASEAN ties, recent geopolitics, and U.S. business perspectives on Malaysia’s investment climate and more.

8:30 AM

Morning Brief

Jamalludin Obeng, President of MOSVA shares his perspective on how Petronas's right-sizing exercise might affect local industry players.

8:45 AM

Morning Brief

(REPEAT) Eugene Chow of Deloitte Malaysia discusses the impact of LHDN’s e-Invoice delay and how to avoid further setbacks.

9:00 AM

Opening Bell

(REPEAT)Jingyi Pan, Economics Associate Director of PMI Team, S&P Global Intelligence tells us where international markets are heading.

9:15 AM

Opening Bell

Peter Lewis, Director, Peter Lewis Consulting Limited shares his thoughts on the rally that Hang Seng is seeing now.

9:35 AM

Pinnacle Perspectives

Deepa George of MyHRC explains how changing work trends are reshaping manpower planning for today’s businesses.

10:05 AM

Open For Business

Vivek Ramachandran, Founder and CEO of SquareX, shares how the company is using its $20M Series A funding to tackle browser-based cyber threats, and why this focus could reshape the cybersecurity landscape.

11:05 AM

P&L

KPMG’s Dr. Veerinderjeet Singh explains what Malaysia’s Corporate Tax Governance Framework means for companies and why tax transparency is a board-level responsibility.

12:00 PM

Enterprise Explores

Eklavya Bhave, Head of Asia Pacific at Coursera, shares how gig workers can take control of their own development using microcredentials, online learning, and simple strategies to open doors to bigger opportunities.

1:00 PM

The Breakfast Grille Repeat

2:05 PM

Discovery Hour

An eclectic selection of BBC shows, curated with variety in mind.

3:05 PM

Earth Matters

When it comes to protecting Malaysia’s natural heritage, sometimes it’s the smallest creatures that spark the biggest movements. In Sungai Sepetang, fireflies are uniting communities, scientists, and storytellers alike. We discuss the fight to save these glowing wonders.

4:05 PM

Health & Living

What are the pros and cons of raising the retirement age to 65? We look at how this move would impact older adults, financially and socially.

5:00 PM

Top 5 at 5

6:00 PM

Today I Learned

7:00 PM

Just For Kicks

8:00 PM

A Bit of Culture

PROGRAMMES