Post-Budget 2013: Good Targets But Lacks Details On Fiscal Reform Measures

The recently announced Budget 2013 has been widely considered to be an election budget, with a large number of goodies and incentives given to different sections of the public. However, observers say that the Budget lacked concrete measures to address Malaysia’s 15 years of consecutive federal budget deficit and a federal government debt of RM502.4 billion -- the highest ever in the nation’s history.In the following interview, Santitarn Santhirathai, economist at Credit Suisse Singapore discusses how the Budget stacks up from Malaysia’s fiscal perspective.See omnystudio.com/listener for privacy information.