Malaysia’s 2021 Budget Targets Support for Vulnerable Sections of the Economy: Prime Minister

October 14, 2020

Malaysia’s 2021 Budget, expected to be tabled in the first week of November 2020, aims to provide additional support and assistance to many vulnerable groups within the population that have been affected due to the economic effects of COVID-19. This is despite various stimulus packages already having been provided by the Government of Malaysia, according to Malaysia’s Prime Minister, Tan Sri Muhyiddin Yassin.

Speaking at a press conference on the 13th of October 2020, Yassin explained that the 2021 Budget would be centred around four main thrusts, primarily focused on providing a safety net to prevent the bottom 40% of household income groups (B40 group) from falling into poverty.