KUALA LUMPUR: Malaysia’s budget for 2020 has demonstrated that the country’s economy is still strong, Prime Minister Mahathir Mohamad said on Friday , while opposition politicians say there is a lack of innovation in fiscal policy.
The government budgeted 297.02 billion ringgit in spending, a 6 per cent reduction compared to the 316 billion ringgit allocated for this year. "If Barisan Nasional was still ruling the country, the deficit would have been 2.8 per cent. We had anticipated a balanced budget by 2022," he said.Najib said PH might get caught in a "self-fulfilling prophecy" when it continuously harps on a RM1 trillion national debt.
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