Lots of goodies, but commitment to fiscal consolidation remains
Analysts and Moody's express doubt that Malaysia's Budget 2017 will help the country towards a balanced budget by 2020
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Kuala Lumpur
DESPITE insisting that Budget 2017 was not designed with snap elections in mind, Malaysia's Prime Minister Najib Razak on Friday ensured that nearly every segment of society got something in the nation's spending and revenue plan - and took potshots at his critics while at it.
Mr Najib, who is also the finance minister, said the economy is projected to grow by 4 to 5 per cent next year, and presented a RM261 billion (S$87 billion) budget - 3.4 per cent larger than last year's recalibrated spending plan.
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