Weekly Industry News

Budget 2021: Measured fiscal booster needed

Weekly Industry News

BUDGET 2021 will be presented at a time of uncertainty on revenue collections and continued high expenditure for 2021 leading to fiscal slippage. If the goal is to focus entirely on keeping the economy and domestic demand afloat, what should the Finance Minister do?

The Budget’s expenditure programmes, fiscal measures and initiatives should be targeted and prioritised to help the nation, economy and businesses as well as our workforce to reset, revitalise and recover from the pandemic.

The recovery from the sharp economic fallout inflicted by the Covid-19 pandemic continues, although there remains substantial uncertainty surrounding the strength and pace of that recovery.

The Budget’s priority is to cement a sustained economic revival and businesses sustainability, focusing on two-pronged initiatives and strategies.

Media Title: The Star

Date: 14 Oct 2020

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