The webinar on the economic recovery strategy with Jomo Kwame Sundaram and Carmelo Ferlito on the panel.
Speaking at a webinar on the economic recovery strategy, Khazanah Research Institute research advisor Jomo Kwame Sundaram said it was very obvious that the government did not have a good targeted approach in the budget to address the economic downturn. Jomo said many relevant stakeholders such as the credit rating agencies were concerned about the “bold” budget expenditure as it provided a greater budget deficit for the country.“What do we do with the money is the key question here,” he said, expressing concern over how the budget allocations would work in solving the economic downturn.
He said other sectors, such as education, were severely affected as well, depriving children the education to improve their lives.
We don't seem to have an exceptional Minister of Finance. Call him what you want, but Daim Zainuddin at his peak would have come up with out of the box ideas on how to sustain our economy.
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