Commentary: The big expectations for Malaysia's 2020 budget

KUALA LUMPUR: When campaigning for the May 2018 general election, Malaysia’s Pakatan Harapan promised to reduce people's burden and implement institutional reforms.

This Friday , PH will unveil Malaysia's 2020 budget. All eyes will be on its fiscal policies and stimulus programmes for signs of which sectors will get support and how much boost the economy might enjoy.The PH government’s goal to reduce the government deficit and debt is a challenging task in today’s worsening global economic environment.

In view of the risks, Bank Negara Malaysia, the nation’s central bank, had in March revised gross domestic product growth fromAs such, expectations are high for Budget 2020 to involve expansionary, counter-cyclical measures that buffers the Malaysian economy against further external shocks. Cost levels for harvesting palm fruits can differ, depending on factors such height of the trees and whether they in the prime harvesting age of between 10 to 15 years.

Weak crude palm oil and palm kernel prices, coupled with anti-palm oil movements, have hit the smallholders hard, prompting them to demand for subsidies and incentives.Meanwhile, the rising incident of unsold properties, predominantly in the high-end category, has done little to deter property developers from launching new projects, albeit at a slower pace, as they embark on aggressive campaigns to provide attractive financing options to homebuyers.

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