The government has begun planning for the next phase of economic empowerment, which will be further elaborated in Budget 2021.
Finance Minister Tengku Zafrul Abdul Aziz said the government is confident that the measures taken through economic stimulus packages Prihatin and Penjana have demonstrated a positive impact on recovery efforts.
The ministry continued the Jelajah Belanjawan 2021 to Johor on Aug 15-16 and to Pahang on Aug 25, to seek feedback on the two economic recovery initiatives.
“At the same time, this platform aims to seek views and proposals leading up to the drafting of Budget 2021 through several engagement sessions with representatives of various sectors.
"These sectors include education, pharmaceuticals and agro-based industries. It also engaged female small and medium business entrepreneurs,” he said in the latest Laksana report released today.
For Budget 2021, feedback from all levels of society is most welcome. The rakyat can start submitting their suggestions through the budget's portal until Sept 15.
Bank Negara Malaysia has forecast that the economy will expand between -5.5 percent to -3.5 percent this year. It is expected to recover and post a growth of 5.5 percent to 8 percent in 2021.
- Bernama
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