The expenditure for the Malaysian government has increased, despite talk of a leaner budget going into 2021. The theme – Teguh Kita, Menang Bersama – aims to rebuild the economy and promote spending. As a result, we’re looking at tax cuts and incentives to go shopping.
There is also the spectre of the COVID-19 pandemic, which will likely not have gone away by early 2021. As a result, additional funds have been allocated to deal with the health crisis and accompanying economic fallout.
So what was announced at Budget 2021? Keep scrolling for the highlights.
