Worth a total of RM322.5bil, Budget 2021 is the largest budget in history, notably, the budget generally did not propose any new taxes nor increasing any existing taxes. The budget seems more a fit-for-purpose proposal which aims to meet the most immediate needs of the country to encourage recovery, growth and investment. As seen in the first half of 2020, the pandemic has created significant economic uncertainty which can change very rapidly, as such, flexibility is required when the need arises to supplement and amend measures when necessary.
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