WITH about RM322.5bil allocated under Budget 2021 – RM69bil of which is for development expenditure, the government is hoping to accelerate the country’s still-fragile economic recovery and boost sentiment among households and businesses.
Dubbed as the mother of all budgets, the expansionary Budget 2021 is an “indirect stimulus package” for the economy, which continues to be affected by the Covid-19 pandemic and its containment measures.
In the efforts to fuel the economic recovery further, the government has announced a slew of incentives and increased allocation for various sectors of the economy. These include healthcare, technology, defense, construction and properties, among others.
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