Malaysia unveiled their 2015 Budget last week and it has been well received as the country pledges to reduce their budgetary deficit yet again for 2015 and raised the GDP forecast for 2014.
They will be the second fastest growing GDP in Asia this year at 6.4%, after China (7.5%) and locked neck on with the Philippines. Globally, few countries can match that sort of growth anywhere except for Ireland (7.7%).
The budget is a popular one with a focus on social welfare, small enterprise, education, wage growth and more. Tax incentives are thrown in with tax cuts and building and infrastructure projects will be driving growth.
A wonderful girlfriend of mine in KL summarised the headlines and I did not want to waste them, so I decided to share her mean cut & paste job with everyone.
MALAYSIA TO RAISE CASH HANDOUTS TO 750 RGT FROM ......