Thread by @bernamadotcom

#Budget2021 seeks to balance healthcare capacity’s needs while building upon the current economic recovery momentum together and developing better resilience for the future - Report 

@MOFmalaysia @tzafrul_aziz

#Belanjawan2021
#Budget2021
#BernamaBudget21

Malaysia’s economy is expected to expand between 6.5% - 7.5% in 2021 in tandem with the anticipated improvement in global trade - Report

@MOFmalaysia @tzafrul_aziz

#Belanjawan2021
#Budget2021
#BernamaBudget21

The unemployment rate is expected to fall to overall 4.2% in 2020 (4.7 % in Aug) and further down to 3.5% in 2021 - Report

@MOFmalaysia @tzafrul_aziz

#Belanjawan2021
#Budget2021
#BernamaBudget21

#COVID-19 Fund: RM17 billion will be used in 2021 to address the impact of the ongoing pandemic on the economy - Report

@MOFmalaysia @tzafrul_aziz

#Belanjawan2021
#Budget2021
#BernamaBudget21

A total of RM322.5 bln or 20.6% of the GDP will be allocated in the #Budget2021, of which RM236.5 bln (73.3%) is for operating expenditure, RM69 bln (21.4%) for development expenditure (DE) and RM17 bln (5.3%) for the COVID-19 fund - Report

@MOFmalaysia @tzafrul_aziz

The federal government's revenue in 2021 to increase by 4.2% to RM236.9 bln or 15.1% of GDP, on the back of improving economic growth and business prospects - Report

@MOFmalaysia @tzafrul_aziz

#Belanjawan2021
#Budget2021
#BernamaBudget21

The federal government’s fiscal deficit is expected to reduce to 5.4% of GDP in 2021 from 6% of GDP anticipated in 2020 - Report

@MOFmalaysia @tzafrul_aziz

#Belanjawan2021
#Budget2021
#BernamaBudget21

Inflation is expected to normalise at 2.5% in 2021 in line with better economic prospects and higher crude oil prices - Report

@MOFmalaysia @tzafrul_aziz

#Belanjawan2021
#Budget2021
#BernamaBudget21

Domestic demand is expected to contract by 3% in 2020, with private and public sectors’ spending declining by 3.2% and 2.1% respectively - Report

@MOFmalaysia @tzafrul_aziz

The construction sector is expected to recover by 13.9% in 2021 on account of the acceleration and revival of major infrastructure projects, coupled with affordable housing projects - Report

@MOFmalaysia @tzafrul_aziz

#Belanjawan2021
#Budget2021
#BernamaBudget21

The services sector is projected to bounce back by 7% in 2021 after contracting by 3.7% in 2020 - Report

@MOFmalaysia @tzafrul_aziz

#Belanjawan2021
#Budget2021
#BernamaBudget21

The agriculture sector is expected to turnaround by 4.7% in 2021, supported mainly by higher production of palm oil and rubber - Report

@MOFmalaysia @tzafrul_aziz

The mining sector is expected to rebound by 4.1% in 2021, supported by the recovery in global demand for crude oil and condensate as well as liquefied natural gas - Report

@MOFmalaysia @tzafrul_aziz

The manufacturing sector is forecast to expand by 7% in 2021, driven by steady improvement in both the export-and-domestic-oriented industries - Report

@MOFmalaysia @tzafrul_aziz

#Belanjawan2021
#Budget2021
#BernamaBudget21

Gross exports are expected to rebound by 2.7% in 2021, benefiting from the recovery in global trade and supply chains - Report

@MOFmalaysia @tzafrul_aziz

The government aims to reduce the fiscal deficit to under 4% of GDP over the next three to four years under its fiscal reform agenda - Report

@MOFmalaysia @tzafrul_aziz

Public sector debt increased to RM1.2 trillion or 85.5% of GDP in 2020 from RM1.136 trillion or 75.2%  of GDP in 2019 due to higher federal government fiscal deficit to finance stimulus measures - Report

@MOFmalaysia @tzafrul_aziz

The federal government’s total gross borrowings are expected to increase by 31.5% from the original estimate to record RM181.5 bln or 12.6% of GDP in 2020 - Report

@MOFmalaysia @tzafrul_aziz

The current account balance is expected to record a lower surplus in 2021 at RM20.3 bln or 1.3% to the gross national income (GNI), in line with the expansion in domestic industrial and investment activities - Report

@MOFmalaysia @tzafrul_aziz

The size of the shadow economy in Malaysia is on a declining trend, but its presence is still significant and deters the development of an inclusive economy - Report

@MOFmalaysia @tzafrul_aziz