EWM - Malaysia's 2020 Budget: A Delicate Balancing Act
By Sukumar Rajah, Senior Managing Director, Director of Portfolio Management, Franklin Templeton Emerging Markets Equity; and Hanifah Hashim, Chief Executive Officer, Franklin Templeton GSC Asset Management, Head of Malaysia Fixed Income and Sukuk
Malaysia's newly unveiled 2020 budget displays a commitment to sustainable long-term growth, according to Sukumar Rajah and Hanifah Hashim. Here, they suggest how the country's foreign investment, transport and employment initiatives could drive the domestic economy.
We regard Malaysia's 2020 budget as a balancing act between narrowing the country's fiscal deficit and avoiding an economic slowdown.
Finance Minister Lim Guan Eng announced