| Budget 2020 will be tabled today. The rakyat is putting tremendous high hopes for Budget 2020 to propel our economy.But, it takes two to tango. Apart from asking what can the government do for you, we must also ask what can we do to improve the country’s economy.Firstly, the government must continue to spend to keep the economy going.
The accumulated debt that the current administration is struggling to pay off is due to the lavish spending of the previous administration.Some of these lavish spending cultures still continue until now. Secondly, corporate companies. Corporate companies, like their global peers to a certain extent, are cash-rich. They are constantly on the lookout for investment opportunities.There are currently about one million SMEs in Malaysia, if each SME is willing to invest an extra RM10,000 a month locally, we will create RM120 billion economic activities in a year.After the structural reforms embarked by the government, it is just a matter of time before the economy grows again.
Malaysia must prioritise Malaysian products too. If we buy more “Made in Malaysia” items, our money stays in Malaysia and it will generate the economy.