| Come Budget Day, everyone will want something from the Minister of Finance Lim Guan Eng. But no matter how much the minister wants to please everyone, he knows he simply can’t because of the budgetary constraints in the form of the numerous challenges as well as the balancing of many competing needs that he has to contend with.
The budget then reflected a gradual pace of fiscal consolidation with GDP growth for 2019 projected at a marginally higher 4.9 percent than the 4.8 percent projected for 2018. According to economists, this segment of the population has a relatively higher average propensity to consume that will pull up consumption which in turn will stimulate the economy, as consumption is one of the key drivers of economic growth especially in time of recession or an anticipated recession
Other revenues will have to be used for this purpose, and one that comes to mind is the plan by Khazanah Nasional Bhd to deliver more cash to the government by pruning its stakes in non-strategic assets and dialling back its offshore presence. Nothing beats a solid preparation for a global crisis other than ensuring the robust and spectacular growth of the economy and its restructuring into an economy that is highly developed with full employment and high income for its population.
Pour water into a container full of cracks and holes..Its never gonna hold water no matter you keep pouring till eternity..Attempting to put the plugs on the holes and patching the cracks is not welcomed..So its pointless effort going in vain forever..chedetofficial guanenglim
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