At RM322.5billion, Malaysia Budget 2021 is the largest budget in the country’s history. But will it pass?

This post was originally posted here. The contributor to this article,@Denise is one of our many community members on InvestingNote.

While the World Bank has come forward to welcome the overall stance of Malaysia budget 2021, it is still unclear if the bill will pass. Malaysian finance minister Tengku Zafrul Tengku Abdul Aziz tabled the 2021 national budget in parliament last Friday on Nov6; also the first budget under Prime Minister Muhyiddin Yassin’s administration. But already, it appears the current administration is in for a bumpy road ahead. There are a lot of doubts if the budget is even able to pass because of politics. In his budget speech, the Finance Minister has projected the economy to expand between 6% and 7% next year. In response to that, Mr Anwar argued that the projections of development figures...