KUALA LUMPUR, July 16 — More fiscal measures are needed in Malaysia targeting the vulnerable groups and workers in informal sectors to cushion the segment from an economic crisis brought by the Covid-19 pandemic. Fiscal measures refer to the use of government spending and tax policies to...
Thursday, 16 Jul 2020 07:21 PM MYT
Fiscal measures refer to the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions, including aggregate demand for goods and services, employment, inflation, and economic growth “For example, there is likely to be a far greater concern and interest not only in healthcare but also care in general; there exist far more needs for these,” he said.
“And Malaysia, of course, is a very open economy,” he noted, adding that much more sophisticated measures were needed to strengthen the economy.
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