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Malaysia seen pushing ‘really feel good’ funds forward of elections

“There may be excessive anticipation that the federal government will dish out extra goodies than traditional to create a ‘really feel good’ impact as it is going to be its final funds earlier than the 15th Normal Election,” CGS-CIMB analysts stated in a analysis be aware final week.

“Social help, together with money handouts, will seemingly develop in depth and scope.”

RHB analyst Alexander Chia stated the goodies shall be “tempered by the shortage of fiscal headroom”.

“We predict no stone shall be left unturned to make sure that the funds affords each help to the voters at giant, and to companies to help their restoration from the ravages of the pandemic,” Chia stated.

Nevertheless, given rising money owed and subsidy payments, new revenue-raising initiatives and postponement of deliberate expenditures can’t be dominated out, he stated.

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