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Govt may cut Budget 2021 spending on lower revenue

THE government will likely reduce spending in the upcoming federal budget as concerns over a new wave of Covid-19 cases are expected to put further pressure on revenues already hurt by low crude oil prices.Putrajaya had rolled out stimulus packages worth RM305 billion since the start of the pandemic and had raised its debt-to-GDP ceiling to 60% for the first time in over a decade last August.Last year’s budget set aside RM297 billion for both operating and development expenditures, a drop of 5.6% compared to Budget 2019, due to expectations of a revenue shortfall by about 7%. ....

Baharom Abdul Hamid , Perikatan Nasional , Mohd Afzanizam , Petroliam Nasional Bhd , Mohd Afzanizam Abdul Rashid , Adli Amirullah , Ramon Navaratnam , Dewan Rakyat , Zafrul Tengku Abdul Aziz , Bank Islam Malaysia Bhd , Institute For Democracy , Economic Affairs , Services Tax , International Centre For Education , Centre For Public Policy , Islamic Finance , Assoc Prof Dr Baharom Abdul Hamid , Petroliam Nasional , Malaysian Reserve , Islam Malaysia Bhd , Public Policy Studies , Tan Sri Dr Ramon Navaratnam , New Economic Policy , பெட்ரோலியம் நேஷனல் ப்ட் , ராமன் நவரட்னம் , திவான் ரேகியேட் ,

Govt and rakyat must understand each other to win Covid-19 battle


24 May 2021 / 18:33 H.
Pix for illustration purposes.
KUALA
LUMPUR: There should be mutual understanding between the government and the people in fighting Covid-19 as both sides have started to experience fatigue due to the prolonged Movement Control Order (MCO), according to an expert of the International Centre for Education in Islamic Finance (INCEIF).
Its director of research management centre Associate Prof Dr Baharom Abdul Hamid said the government has spent and is still spending billions of ringgit to help the people, but it would be good for the government to know of the people’s exact needs.
“Because we would not want a mismatch where the government is spending a big amount of money while that is not what the rakyat is looking at. ....

Muhyiddin Yassin , Baharom Abdul Hamid , Peter Nicol , Movement Control Order , International Centre For Education , International Centre , Islamic Finance , Associate Prof Dr Baharom Abdul Hamid , Mid Day Update , Prime Minister Tan Sri Muhyiddin Yassin , பீட்டர் நிக்கோல் , இயக்கம் கட்டுப்பாடு ஆர்டர் , சர்வதேச மையம் க்கு கல்வி , சர்வதேச மையம் , இஸ்லாமிய நிதி , நடுவில் நாள் புதுப்பிப்பு ,