Saturday, 04 Jul 2020 09:11 PM MYT
“The main focus will be to drive new sources of growth and future-proofing Malaysia, because 2021 will be the year where we want to sustain the growth that we hope to achieve in the third quarter and fourth quarter of this year. Tengku Zafrul said the country needed to spend and invest to stimulate the economy, and these mega projects would add one per cent to the country’s GDP, just like how the Prihatin Rakyat Economic Stimulus Package and the National Economic Recovery Plan added at least three per cent to the GDP.
“So mathematically, our borrowings will go down and GDP will grow next year. Once companies do better, the government’s tax revenue will be better and hopefully this help us to go back to a budget deficit of below four per cent,” he said.