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Malaysian budget failure could see leadership change

Content type:: Expert Briefings
Location:: MALAYSIA
Keywords associated with this article:: Geographic: Malaysia AP

Topical: economy debt environment fiscal foreign investment government growth infrastructure investment labour monetary natural disasters natural resources oil opposition party policy tourism welfare industry politics social
ISSN:: 2633-304X
Citation:: Oxford Analytica (2015), "Malaysian budget failure could see leadership change", Expert Briefings.
https://doi.org/10.1108/OXAN-DB197140

Wednesday, January 21, 2015

Significance

Najib denied that Malaysia faced an economic crisis akin to that of 1997-98. The budget revision reaffirmed the government's commitment to the Goods and Services Tax (GST), to be introduced in April, liable to raise much-needed revenue, but reduce demand.

Impacts

If the government's revised budget plans fail, Malaysia's sovereign rating may suffer.
A lack of international investor confidence would compound Malaysia's economic difficulties.
Economic diversification efforts could take months or years to bear fruit.

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Significance

Impacts

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