Economics
What to Watch for in Malaysia's Pre-Election Budget
- Prime Minister Najib to unveil spending plan for next year
- Expect more cash handouts, higher wages for state workers
What to Expect From Malaysia's 2018 Budget
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Facing a tough election battle ahead of him, Malaysian Prime Minister Najib Razak has a good story to tell on the economy when he unveils his budget on Friday.
Stronger economic growth and rising oil prices mean higher tax revenue, which Najib is expected to use to boost cash handouts and wages for government workers next year, helping to shore up his support with voters without compromising fiscal targets. Investors are watching for clues on the timing of the election, which must be held by August next year.